• Advertise
  • Submit a Press Release
NewsBTC
Bitcoin & cryptocurrency news
Crypto.com Logo
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Play GamesTry
  • Bet & WinTry
  • Bitcoin Casino ReviewsTry
No Result
View All Result
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Play GamesTry
  • Bet & WinTry
  • Bitcoin Casino ReviewsTry
No Result
View All Result
NewsBTC
No Result
View All Result
Coinplug Raises $5 Million. newsbtc bitcoin news
Nexo Logo

Coinplug Raises $5 Million, Will Launch New Products Soon

Gautham by Gautham
7 years ago
in Cryptocurrency news
Reading Time: 2 mins read
Advertisement

Coinplug, the South Korea and Silicon Valley based bitcoin company has recently closed its Series B fundraising round. The company has managed to raise $5 million in investment from a group of investment firms led by SBI Investment.

According to reports, with the latest investment Coinplug has so far raised a total of $8.3 million in funding. The company is one of the leading bitcoin services providers in South Korea. Coinplug specializes in bitcoin exchange platforms like bitcoin exchange marketplace, wallet services, Point of Sale (POS) applications and more. Along with APIs for its services, some of the other bitcoin related products by the company includes bitcoin giftcards, Coingift – bitcoin ecommerce portal, bitcoin debit cards and more.

Coinplug’s approach to challenge traditional legacy systems with bitcoin based applications is much appreciated and is considered to be the reason for SBI Investment to fund the company. Coinplug is also in talks with a few banks to devise blockchain implementation strategies.

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

According to the CEO and founder of Coinplug – Ryan Uhr, the company will utilize these freshly raised funds to speed up its development process. The company is constantly innovating, introducing new products into the market on a regular basis. Ryan also divulged about the new, soon to be launched bitcoin remittance service while speaking to Coindesk recently. The publication has quoted Ryan saying,

“In the future, Coinplug is planning on presenting a global remittance service. Also, we will focus on developing an efficient and competitive blockchain platform… and provide the platform for major banks in Korea.”

Coinplug also owns patents for its award winning blockchain based authentication system which won them close to $45000 in one of the fintech competitions organized earlier this year by JB Financial.

Some of the other investors in Coinplug includes Tim Draper, Mirae Asset, Bokwang Investment Corp., Capstone and DSC investment

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
Get 110 USDT Futures Bonus for FREE!
Read our comparison of 50 different crypto casinos. Find out who has most generous bonuses, best UX, knowledgeable customer support and best provably fair games.
Tags: bitcoinbitcoin exchangeBitcoin NewscoingiftcoinplugNewsStart-upstim draper
Tweet123Share196ShareSend
Win up to $1,000,000 in One Spin at CryptoSlots
Gautham

Gautham

Related Posts

Bitcoin Bear

Bitcoin aSOPR Fails Retest Of Historical Bull-Bear Junction

1 hour ago
Ethereum Price

Ethereum Merge Scheduled For September 15/16, ETH’s Price Skyrockets

4 hours ago
Polygon

Polygon Maintains Solid Footing As MATIC Balloons By 300% Since June

5 hours ago
AVAX

AVAX Holds Steady And Sets Sights On $50 Barrier Breach

7 hours ago
Is Bitcoin Price Hiking Due To An External Reason, What Does The Data Suggest

Is The Bitcoin Surge Due To An External Reason? What The Data Suggests

7 hours ago
Glassnode Report Shows Bitcoin And Ethereum Derivatives Gain Massive Traction

Glassnode Report Shows Bitcoin And Ethereum Derivatives Gain Massive Traction

8 hours ago

Premium Partners

Top Brokers

PrimeXBT

PrimeXBT

Review · Visit

Top Casinos

BitStarz

BitStarz

Review · Visit
7BitCasino

7BitCasino

Review · Visit
Punt Casino

Punt Casino

Review · Visit
mBit

mBit

Review · Visit
CryptoGames

CryptoGames

Review · Visit
Bspin

Bspin

Review · Visit

Sportsbooks

1xBit

1xBit

Review · Visit

Most Investors are Still Looking at Cardano, Enjin Coin, and Mehracki as the CryptoCurrency Market Expands

August 11, 2022

Petrousus – The New Cryptocurrency That Could Become Profitable Like BNB

August 11, 2022

These Altcoins Are An Absolute Must-Have: Axie Infinity, Apecoin and HypaSwap

August 11, 2022

Zompot – The Next Crypto Wave Arrives To Meet Ethereum And Ripple

August 11, 2022

Top 3 cryptos for a balanched protfolio: Supontis (PON), Avalanche (AVAX), and Polygon (MATIC)

August 11, 2022

ABOUT US

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

COMPANY

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

LINKS

Crypto Prices from Nomics

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

© 2021 NewsBTC. All Rights Reserved.

  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Play Games
  • Bet & Win
  • Bitcoin Casino Reviews

© 2021 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.