French bitcoin startup Paymium has been able to raise €1 million in seed funding, which garnered contributions from French venture capital firms Newfund and Kima Ventures. It also drew financial support from Galitt, a payments consultancy and services firm, and a few angel investors. Paymium acts as a bitcoin exchange for buyers and sellers of the cryptocurrency. It also has services for facilitating merchant acceptance for bitcoin payments. Bitcoin Startup Expansion The new funds will go to the expansion of the company in Europe, as well as research and development efforts. Paymium is also looking into blockchain technology, which has been gaining traction among financial companies and established firms in the developed world. Blockchain refers to the…
Rippex, a Brazil based digital currency startup has veterans joining the company. These veterans have previously been associated with a well-known digital payments gateway called PagSeguro. Founded by Rafael Olaio in Brazil, Rippex is the second Ripple based startup to start operating in the Brazilian market. With the addition of new members to the team, the company seems to be preparing itself to go big with its product. The new additions to Rippex comes in the form of the former founders of PagSeguro. Ricardo Dortas Schonhofen and Paulo Lavinas Barbosa founded PagSeguro in 2007 and the company has grown over a period of 8 years to become one of the prominent payment solutions provider in Brazilian market. PagSeguro is still operational under the ownership of…
Bitcoin knows no borders; transactions between geographical borders is the same as making a bitcoin transfer to someone sitting right next to you. There will be no difference in transaction fee or time required for execution of the transaction. This quality of bitcoin is a boon for people who regularly make overseas transfers, especially people employed in different countries who transfer funds back home on a regular basis or those who keep travelling on work and have to take care of their utility bills etc. back home while on a trip. Bitwala, a bitcoin startup is leveraging upon this quality of bitcoin to make remittance and bill payments easier from across the world. Bitwala is a 6-month-old Dutch startup offering bitcoin payment services. The company has…
How do we use technology for the betterment of human life? Not everyone is lucky and there are many across the world in need of food, shelter, healthcare facilities, education and much more. There are various organizations spread across the world who are working hard, round the clock to ensure that everyone gets the basic necessities of life and an opportunity to lead a quality life. All these activities conducted by these organizations or even individuals at times require money and they usually raise the required money through donations, fundraising events, government and corporate grants etc. There are thousands of online donation and fundraising campaigns happening over the internet for various causes every day. People interested in making a change often…
BitGold designed a new software that automatically links buyers to bullion dealers and storage companies. With this move, the company makes it easier for people to own gold as a hedge against inflation and as a store of value. The Toronto-based company began offering its service to the public in May and had already racked up more than 168,000 global users by the end of July, with about $7 million in transactions. BitGold pairs together the ease and convenience of digital payments and online gold savings with the integrity and stability of gold. The company’s mission is to make physical gold accessible to everyone. Minimizing or removing fees everywhere possible became our purpose. The platform user-friendly features allow users to send and receive gold payments…