Bitcoin Crowdfunding Now Possible Through mToto
People can now back projects and business ideas using bitcoin, as RLabs launched its mToto bitcoin crowdfunding platform recently. This is an initiative between Uusi and RLabs which aims to help underserved education and health centers in under-resourced communities in South Africa and to develop tools for innovative challenges and products. Companies or groups that are able to raise enough capital through the mToto bitcoin crowdfunding platform will receive the amount converted to cash. "We convert the Bitcoin to cash and resources and share the results each month with the broader....
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RLabs, a Cape Town-based social impact incubator has launched a bitcoin crowdfunding platform, mToto, to allow users to fund projects using bitcoin, according to African news site Disrupt Africa. mToto, which translates to "child" in Swahili, is a bitcoin initiative between Uusi and RLabs which aims to help underserved education and health centers in under-resourced communities in South Africa and to develop tools for innovative challenges and products. mToto will also convert bitcoin into cash for the companies and projects, and hopes to raise enough bitcoin to fund four....
ING Bank, just as any other, is just an unnecessary middleman between you and many crowdfunding options. Today, we have things like the Lighthouse, WeiFund or Koinify, which try to help those seeking to receive crowdfunding for interesting projects. There is no need for using centralized crowdfunding anymore, nor is there a need for banking assistance in....
Altcoins are the next best thing after bitcoin. They come in all shapes and sizes, and they are usually designed for a specific use. Development of altcoins can be attributed to the success of bitcoin and the open source technology that powers the bitcoin network. The concept of crowdfunding has been around for a long time even before the term itself was coined. Crowdfunding involves raising money from a large number of people. One of the best examples of crowdfunding during the pre-internet days is the construction of the Statue of Liberty. Funds required to build the huge statue was met....
Could bitcoin be a suitable vehicle for crowdfunding? Over the past couple of years, crowdsourced funding projects have bloomed, but most of them still require contributions in fiat currencies. Now, however, some sites are emerging designed to help people attract bitcoin-based funding from a broad community of donors. Crowdfunding platforms such as Kickstarter and IndieGogo have become a popular means of funding for a range of projects, from manufacturing through to content production. According to market analyst Massolution, crowdfunding platforms raised $2.7 billion in 2012, 81% up on....
The SEC has just made equity crowdfunding legal. Here's our take on how this applies to bitcoin and the blockchain. Last October, the US Securities and Exchange Commission released this update, which detailed the adoption of the final rules surrounding equity based crowdfunding offerings. The concept was first addressed as part of the Jumpstart Our Business Startups (JOBS) act way back in 2012, which was signed in by Barack Obama, as a tool that would facilitate the process through which small and medium business enterprises gain access to operating and development capital. Up until now,....