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Coinapult Receives $775k in VC Funding

Avatar newsbtc 5 years ago

Don’t let anyone convince you there aren’t big things happening in the digital currency space. Adding to a numerous companies that are helping make bitcoin mainstream that have received venture capitalist funding is Coinapult. The bitcoin services company has received $775k in funding from a number of investors.

Those investments comes from FirstMark Capital, the Bitcoin Opportunity Corp. (run by Barry Silbert), Roger Ver, Erik Voorhees and more.

The funding was raised through two rounds, and the company is expecting to use the sum to make improvements to their product and subsequently market that product to consumers, according to CoinDesk.

The company, based in Panama, allows consumers to create bitcoin wallets (much like, say, Coinbase or Circle) easily. In addition, the company offers merchants the opportunity to accept bitcoin payments.

Coinapult also has a bitcoin volatility damper in the works, too, which will allow users to lock the value of their bitcoin to other assets like gold, silver, and even US dollars.

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It’s certainly not the largest investment in the bitcoin space, but it’s nice too see these start-ups get the injections they need to provide the community with reliable and trustworthy services.

For more information on Coinapult, you can check out their website here.

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