Ramp, builder of crypto payment rails, raises $70M
The company is building payment rails that could make crypto purchases as ubiquitous as Paypal transactions. Crypto-focused fintech company Ramp has raised $70 million in venture capital, upping its pledge to continue building a unified payment experience for digital assets. The Series B investment round was co-led by venture firms Mubadala Capital and Korelya Capital, Ramp disclosed Wednesday. As reported by Cointelegraph, Ramp raised $53 million in a Series A funding round that closed in December 2021, bringing its total capital raise to roughly $123 million. Ramp’s management said the....
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Since ride-sharing platform Uber has denied rumors saying that it is accepting bitcoin transactions and clarified that this feature is not yet in the pipeline, Bitcoin Builder sought to create a workaround by offering users access to its Uber business account to make bitcoin payments. However, Uber decided to suspend this particular account this week. Bitcoin Builder is still appealing to Uber to reinstate the account and, according to a message shared on Reddit, the company will reexamine the suspension. Uber Payments Thru Bitcoin Builder. As it turns out, Bitcoin Builder is facilitating....
Ramp, a fiat-to-crypto company, has announced it has raised $70 million as part of its Series B funding round. The round was co-led by Mubadala Capital and Korelya Capital, with Balderton Capital and Cogito Capital participation. The company explained that these funds would allow it to improve its app further and keep hiring talent. Ramp Raises $70 Million in Series B Funding Round Ramp, a company that specializes in providing fiat to crypto and crypto to fiat flows for different Web3 applications, announced it had raised $70 million in its latest funding round on Nov. 9. The funding....
PRESS RELEASE. Tallinn, Estonia: Swaps is pleased to announce that we have updated our platform. As a crypto and fiat payment processing company, we prioritize providing our partners with the best crypto on-ramp, off-ramp, and checkout services. Our new update includes better UI and UX, 31 blockchains and 1000 tokens available, new payment methods, quick API integration, and many more features. Since 2019, Swaps has been committed to helping businesses to access Web3 by providing crypto on-ramp solutions, allowing them to offer Bitcoin, Ethereum, Tether and other coins. Now this update....
![Uber with Bitcoin Now Possible: Here’s How [UPDATE]](minthumb/725_aHR0cDovL2NvaW50ZWxlZ3JhcGguY29tL3N0b3JhZ2UvdXBsb2Fkcy92aWV3LzcxZTk5ZDlhNDhmM2E5NTdmZTAzMjExYzg3ZmVmNjliLnBuZw==.jpg)
[UPDATE: It appears that Uber has suspended Bitcoin Builder's account and thus, the service is no longer operational.] US-based bitcoin exchange platform Bitcoin Builder has announced their release of a bitcoin service that enables users to pay with bitcoin for Uber rides. How it Works. Bitcoin Builder created a business account on the Uber network, which allows the firm to display itself as a payment method on the Uber mobile app. Users are required to use the Bitcoin Builder multi-sig wallet to associate it with the firm’s Uber business account. After the activation, users will see....
Bitcoin Builder has been keeping the public in the dark as of late, but it has recently recently updated their website with a new announcement: GOXBTC is classified as Bitcoin that is “locked” in the Mt. Gox exchange, which shut down in early 2014. Bitcoin Builder is expecting the price for GOXBTC to go higher than .11 BTC. However, people were able to immediately liquidate their locked bitcoins at this price until February 24th, which eliminated a lot of risk that would have came from waiting for a higher price. I was able to talk to Josh Jones, the CEO over at Bitcoin Builder. He was....