MyCoinDeal partners with GAP600 to expedite platform transactions

Brazil-based crypto exchange and multi-coin wallet service, MyCoinDeal (MCD) has integrated GAP600 into its service offering to enable instant and secure payment and transaction confirmations.

Founded in March 2017, MCD is a global and professional digital coin service provider that leverages a proprietary system to deliver a highly secure, stable and user-friendly platform for the global cryptocurrency community.

In just two years, MCD has built a global network with services in nearly 100 countries, offering multi-lingual support for English, Portuguese, Arabic, Spanish, Korean, Russian and Vietnamese, while generating a turnover of $24 million in 2018.

The company’s diversified crypto services offering includes MCD Commerce, a coin payment enablement gateway, the MCD Trading platform and a multi-coin digital wallet that supports BTC, BCH, LTC and ETH.

The provider also offers the MCD P2P escrow platform, which allows customers to safely conduct electronic trading using MCD’s Custody Wallet to store coins until both parties confirm the transaction and thereby negate the need to meet in person.

The MCD exchange conducts user verification according to the Know Your Customer (KYC) policy to monitor financial transactions and combat illicit practices such as money laundering, criminal activity and terrorist financing.

“We are proud to partner with such a dynamic exchange, which is doing a great deal to help bring cryptocurrency commerce into the mainstream,” comments GAP600 founder and CEO, Daniel Lipshitz.

GAP600 facilitates instant, risk-mitigated cryptocurrency commerce by enabling exchanges to recognize unconfirmed Bitcoin, Bitcoin Cash and Bitcoin SV transactions as final using a proprietary risk engine, which analyzes and performs live risk scoring for each transaction as it reaches the mempool.

“MCD discussed the platform with us at a conference in Tokyo in 2018 and felt the service would add value to its offering. Once the decision to implement was finalized, the GAP600 solution’s straightforward, secure API ensured a hassle-free integration and smooth implementation on the MCD platform,” adds Lipshitz.

“We believe that GAP600’s risk-mitigation capabilities add considerable value to the numerous cryptocurrency transactions we enable on our platform,” explains Daniel Beduschi, CEO at MCD.

GAP600 reduces transaction times by a median of 28 minutes on first block confirmations by guaranteeing cryptocurrency payments before they reach the blockchain. This, says Beduschi, will significantly improve the customer experience for purchasers, traders, brokers and investors who transact in cryptocurrencies via MCD, without compromising on safety and security.