Cryptocurrency payment gateway launchesfund raise using Bnk to the Future platform–
GeorgeTown, Cayman Islands- 6thDecember 2018
CoinPayments, a cryptocurrency payment gateway for bitcoin and over 1,000 altcoins, todayannounced a
$30 million Series A round offunding via the Bnk to the Future global online investment platform. CoinPayments is the only cryptocurrencypayment processor to offer payment support for such a wide array ofcryptocurrencies. This newfunding will allow CoinPayments to further their vision of cryptocurrencyadoption and banking the unbanked by expanding the platform along with theaddition of several new features.
“My vision is to helpshift the global money supply from institutions run by private interests to anopen, predictable and transparent money system.”
– Alex Alexandrov – CEO, CoinPayments
Some of thecurrent problems facing the adoption of cryptocurrency usage include pricevolatility, centralization risk, cryptocurrency purchase and conversion and theability to find appropriate businesses that accept cryptocurrency payments. CoinPaymentswill use the funding raised from this Series A round to:
- Expand and improve the CoinPayments
platform and mobile app
- Integrate fiat settlements into the
platform to allow businesses to overcome the price volatility
- Decentralize the storage of private keys
to create two independent but interoperable systems
- Simplify the conversion of
cryptocurrencies for users via a one-click instant conversion feature
- Create a global decentralized marketplace
bringing together merchants and buyers to transact in cryptocurrencies
Founded in
2013, CoinPayments has experienced exponential growth year over year since
having raised just over $250,000 in seed funding on the Bnk to the Future
platform back in 2015. CoinPayments was the first cryptocurrency payment
processor to support payments in Litecoin and Ethereum and has been able to
capitalize on this first-mover advantage to fuel its exponential growth. CoinPayments
has since grown to support over 1,000 altcoins on their platform used by over
2.3 million businesses and users across 182 countries. In 2017 CoinPayments
processed over $930 million USD in business transaction volume and over $1.3
billion USD in consumer transaction volume.
More
information about the $30 million Series A fund raise can be found on the Bnk
to the Future official listing here:
https://bnktothefuture.com/pitches/coinpayments-2
ABOUT BNK TO THE FUTURE
Bnk to the
Future is the largest global online investment community of professional investors
all investing in financial innovation and technology. Investors have access to
invest in the same caliber of deals that top FinTech Angel investors and
venture capitalists have access to. TheBnk to the Future community is truly
global, with active investors and entrepreneurs from 112 countries. Their team
handles all documentation, admin and payment for both investors and companies
fundraising through the platform.
ABOUT COINPAYMENTS
CoinPayments
was founded in 2013 as the first altcoin payment processor and has since grown
to support payments for bitcoin and over 1,000 altcoins for their userbase of
over 2.3 million business and user accounts across 182 countries. The easy to
use platform offers prebuilt plugins and integrations for all the major
ecommerce platforms, including Shopify, Woocommerce and Magento. With hosted
wallets, conversion and fiat settlement functionality, CoinPayments leads the
way in furthering the adoption of cryptocurrencies.
CoinPayments Inc. – George Town, Cayman Islands –
www.CoinPayments.net –
info@coinpayments.net
Disclaimer: The information on this site is provided for discussion purposes only, and should not be misconstrued as investment advice. Under no circumstances does this information represent a recommendation to buy or sell securities.
