Various companies in the Bitcoin ecosystem are looking to raise additional funding to increase their day-to-day operations. Payment processors are invaluable to the digital currency ecosystem, as they allow payment for a user to the merchant. Also, the merchant can then convert the payment to fiat currency if needed. CoinPayments is the latest cryptocurrency payment processor to run a campaign on BnkToTheFuture.
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The Story of CoinPayments So Far
When it comes to the various cryptocurrency payment processors, one of the lesser-known names is CoinPayments. But that hasn’t kept the company from making a name for itself over the years, albeit their success is not coming from just processing Bitcoin payments alone. CoinPayments is one of the very few payment processors to support various altcoins on their platform.
Despite altcoins not having the best of reputations in the cryptocurrency space, there are still lots of community members who like nothing more than spending their coins for goods and services. Getting merchants to accept various altcoins is all but impossible unless they are directly supported by the payment processor itself.
CoinPayments is the largest altcoin payment processing company in the world today. In return, this means that altcoins can be used for payment at over 18,000 merchants worldwide. Transactions worth US$5.5m have been processed through the platform so far, showing there is a clear demand for altcoin payment processing services.
Due to the nature of CoinPayments, merchants can accept over 100 different digital currencies in a secure and convenient manner. Most of these supported altcoins can be exchanged into other currencies instantly, protecting merchants from any currency volatility during or after the transaction.
CoinPayments CEO Alexander Alexandrov stated:
“I’ve always known money does not have to be so complicated. Coinpayments mission is to create an open and seamless world of payments, that works wherever you are.”
Raising Funds On BnkToTheFuture
Companies like CoinPayments are always looking to increase their business, even though such an expansion is a costly matter. Thanks to platforms like BnkToTheFuture, CoinPayments can raise capital to developer their platform and expand the team. So far, the investment campaign has been quite a success.
Just mere hours after listing the campaign on BnkToTheFuture, CoinPayments had already raised over US$100k in investments. With this attention from promising alternative finance, fintech and innovation business investors from all over the world, the final tally for CoinPayments’ campaign could be much higher.
At the time of writing, a total of 115k EUR had been raised, with 17 days left on the campaign. The ultimate goal for CoinPayments is to raise US$500k, which represents an 8% equity stake in the company. The latest details regarding the campaign can be found on the BnkToTheFuture website.
Source: Press Release via Email
Images courtesy of CoinPayments, BnkToTheFuture