SNAPCARD Has Raised $1.5 Million From Tim Draper, Others
Some great news coming today from SNAPCARD's camp. The company - which, to date, has allowed users to spend bitcoin virtually anywhere online via a browser plugin (SNAPCARD says users from 40 countries have used their services on over 2,000 websites) - has announced that they have raised $1.5 million in seed funding in a round led by Timothy Draper and Insikt Capital. Other investors that took part in the round include Crypto-Currency Partners, Great Oaks Ventures, BoostVC, and other Silicon Valley angel investors that have helped shaped popular companies like Square, Twitter, Facebook,....
Related News
SnapCard has announced a $1.5m seed round led by noted bitcoin investor Tim Draper. Launched in November 2013, snapCard has long offered a browser plugin that enabled consumers to purchase items from major e-commerce platforms that don't currently accept bitcoin. However, the investment marks its emergence from four-to-five months of relative quiet and under-the-radar development. The funding round coincides with snapCard's launch of its own digital currency payment processor that will allow merchants the ability to accept bitcoin, popular altcoins such as litecoin and dogecoin, and XRP,....
Snapcard, a cryptocurrency payment processing company, has announced integration with Wix.com. Wix.com is a very large cloud-based web development platform that allows users to create websites using HTML5 through drag-and-drop tools. Snapcard utilizes a simple drag and drop tool that allows users the ability to purchase anything on the internet using digital currencies. By partnering with Wix.com, Snapcard's widget can be used on websites created on wix.com with a few simple steps. Currently, over 53 million websites have been built using wix.com, and each one of these websites will be....
Draper Associates is backing the round for the Bangalore-based cryptocurrency exchange, with $3.5 million raised so far.
Tim Draper, Founder and Managing Director of Draper Fisher Jurvetson, won U. S. Marshals' Bitcoin auction. The Bitcoin auction is estimated to be worth a whopping 18 million USD. Since the news came out earlier today that there was only one winner of the auction, there have been many speculated guesses on who that winner was. Tim Draper was probably not one of the options for the many speculators. Editor's Note: The USMS has sent the won bitcoins to Tim Draper already in this transaction. Let's just say that the US government has never moved ~$19 million worth of anything for such a cheap....
Online startup snapCard wants to make it easier to use bitcoins online by skipping merchant integration altogether. SnapCard users can purchase items from major retailers, even if their e-commerce platform doesn't accept bitcoin. Users can also avoid logging into a retailer's website. Michael Dunworth, snapCard's co-founder, said: "We want to make the shopping process as easy and fast for bitcoin users as possible." SnapCard offers a bookmarklet that users can click on when they visit a product's page. The bookmarklet automatically grabs information from the product (like price and....