Swedish Start-Up Safello Seeks to Bring Bitcoin ATM to Stockholm
Sweden-bases start-up Safello, whose primary business is being a bitcoin exchange, is hopping on the scene with a brand-spanking-new bitcoin ATM they aim to introduce this Monday. The announcement is slated to take place at the STHLM TECH Meetup in Stockholm. Speaking of Stockholm, Safello is reportedly "prospecting more suitable high traffic locations in central Stockholm to place the ATM on a more permanent basis," according to Ludvig Öberg, who serves as an advisor for the company. But why a bitcoin ATM for a company whose chief business is running an exchange? As it were, it seems that....
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Last week, we reported on a start-up company by the name of Safello, that was working on a new bitcoin ATM. It was noted that Safello was essentially still scouting around for locations, but the company has seemingly found a place to do business. The Safello bitcoin ATM is reported located just outside the Hilton Slussen Hotel in Stockholm. As one would expect, the ATM is able to turn traditional fiat currency into digital currency using Safello's bitcoin exchange and vice-versa. The goal? Bridge the gap between the world of digital currency and fiat currency in one seamless transaction.....
Swedish bitcoin exchange Safello has received $250,000 in new funding from the Bitcoin Opportunity Corp (BOC). Safello made the announcement at the CoinSummit conference in London today. Notably, the financing is the BOC's largest investment outside of the US yet. The new funds are anticipated to allow the Stockholm-based company to increase its marketing efforts across Europe and roll out new products and features faster. As a result, the BOC's chief executive and founder, Barry Silbert, expects to see Safello's customer and transaction volume growth accelerate, he said in an interview....
Bitcoin exchange Safello will unveil Sweden's first bitcoin ATM next week, after announcing their work on the Lamassu machine just three weeks ago. The ATM will be on display next Monday at Stockholm's STHLM TECH Meetup - converting users' cash into bitcoin and depositing it in their wallet addresses. For now, the machine is operating in Safello's office while the company puts the finishing touches to its service. It will move to a more permanent location soon. "We are in discussion with a big mall in the centre of Stockholm. We aim to cooperate with them for the first ATM deployment,"....
Stockholm-based crypto brokerage Safello saw its IPO oversubscribed by nearly $60 million, or 1,240% from the planned $5 million. Safello, a Stockholm-based cryptocurrency brokerage, is seeing massive demand from investors for its upcoming initial public offering on the Nasdaq First North Growth Market.The company said Wednesday that its planned IPO was oversubscribed by 502 million Swedish krona ($59.3 million), up 1,240% from the planned 40.5 million krona ($4.8 million), Reuters reports.Safello CEO Frank Schuil said that the company expects its listing on the Nasdaq First North Growth....
Swedish bitcoin startup Safello has reportedly received $600,000 in investment capital from Coinapult co-founder Erik Voorhees, bitcoin advocate and angel investor Roger Ver, Blockchain.info CEO Nicolas Cary, and angel investment outfit Victor & Victor. The company, which we've reported on previously, will use the investment cash to grow their position in Europe, and will take other bitcoin start-ups like Coinbase, Kraken, and Bitstamp head-on. To do that, Safello has started by redesigning their website for ease of use, and they've also registered with the Financial Supervisory Authority....