BitFury has opened an office in Europe’s largest technology accelerator and FinTech center Level 39 to make it easier for European-based financial institutions to access its blockchain exploration program. The program leverages BitFury’s infrastructure, transaction processing platform and unique knowledge base for companies developing blockchain use cases and applications. BitFury has also partnered with Innovate Finance and has become a member of the independent not for profit organization serving the global FinTech community. BitFury will support Innovate Finance’s Blockchain Lab and joins IBM and the UK Government-sponsored Hartree Lab in steering the ongoing exploration of the potential of blockchain technologies.

“We are proud to make our market-leading infrastructure available to European financial Institutions seeking to explore the potential of the blockchain technology,” said Valery Vavilov, BitFury CEO. “We are looking forward to working closely with Innovate Finance, UK government, Level 39 and European-based financial institutions to facilitate adoption of blockchain technology in Europe.”

“Innovate Finance welcomes BitFury, one of the world’s largest blockchain processing companies, as a valuable member of our organization. BitFury’s proven track record of enterprise-grade deployment and continued technological innovation will add great value to Innovate Finance’s ecosystem and the blockchain lab," said Innovate Finance CEO Laurence Wintermeyer
Blockchain technology is gaining more prominence and recognition. Banks, financial institutions and leading global companies are working to find the best ways to leverage the innovative technology that allows consumers and suppliers to connect directly eliminating the middleman and cutting costs. For the financial services sector it offers the opportunity to overhaul existing banking infrastructure and expedite settlements, transforming the way the industry works.