Bitcoin Service Coinapult Raises $775K from VC Group FirstMark
Coinapult's new service, Locks, frees your bitcoins from price volatility by linking them to tangible assets, such as gold. Customers who lock $1,000 worth of bitcoins today will be able to cash out $1,000 worth of bitcoins today, tomorrow, next year, whenever they like - regardless of the price of bitcoin. Coinapult is FirstMark's only Bitcoin company so far, having already backed Pinterest, Luminosity, Shopify and Riot Games. Funds raised came from two separate rounds. In addition to FirstMark, Roger Ver, Erik Voorhees and Barry Silbert's Bitcoin Opportunity Corporation contributed to a....
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Coinapult has raised $775,000 in funding from a group of notable investors and investment firms, including Barry Silbert's Bitcoin Opportunity Corp, angel investor Roger Ver and technology-focused VC firm FirstMark Capital. The Panama-based bitcoin wallet service provider raised the capital through two rounds of funding, and aims to use the money for additional marketing and product improvements. Speaking to CoinDesk, Coinapult CFO and COO Justin Blincoe indicated that the biggest benefit for his company will be the expertise of its now-solidified investor group, which he characterized as....
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....
Coinapult, one of the biggest companies in the Bitcoin industry. When we last talked to them it was regarding the public beta launch of Locks, the ability to “lock” in your value of Bitcoin and tie it to the value of a commodity. Today, we will be talking about the funding they just received. Our Locks launch went very well. We have been developing upgrades to the website based on the initial feedback, and have already rolled out a number of improvements in our invoicing, Locks, and account interfaces. Sure, we raised a total of $775K in two seed rounds. Both rounds involved FirstMark....
"Fiat" is a dirty word in the Bitcoin world, and perhaps that's not the best thing, insinuated Coinapult backer Lawrence Lenihan in a recent interview with CoinDesk. Worse, many people are offended by the idea of traditional venture capital firms getting involved in anyway, because, they say, the entrepreneurs are then not loyal to their communities but instead to the hand that feeds. While there is legitimacy to both sides of this argument, the fact is, you need money to do anything in business, and when you're pioneering as many cryptocurrency startups are, you need a lot of money....
Earlier today, Coinapult took to the Bitcoin subreddit to unveil their new, global Bitcoin service that functions on plain ol' SMS technology. This means that users around the world that do not have smart phones or data plans will be able to use Coinapult SMS. Bitcoin technology is extraordinarily unique because it can maintain its security even while being used over SMS, Bluetooth, NFC, or even Ham radio. Blockchain.info and Coinbase have both had send-Bitcoin-by-SMS functionality for years now; however, their service requires users to sign up an account to receive the sent money.....