Swedish Bank Joins Bitcoin Processor's $4 Million Series A
Swedish banking giant SEB Group and a Danish venture capital firm have invested $4m in Coinify, a digital currency payment processor based in Copenhagen. The Series A round included support from SEB as well as SEED Capital, an early-stage venture firm based in Denmark and an existing investor in the bitcoin startup. Launched in 2014, Coinify supports payments in 15 digital currencies. The startup said it plans to use the new funding to expand its payment and trade services from Europe into Asia, according to a statement. David Sonnek, SEB’s head of venture capital, said of the new....
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Swedish bank Skandinaviska Enskilda Banken AB (SEB) sponsored an article in Swedish daily Svenska Dagbladet about Bitcoin. The article takes a cautious look at Bitcoin, including its strengths and weaknesses. One concern the bank has in terms of Bitcoin's long-term appeal is its ability to fall under the purview of global regulations, while acknowledging the breakthrough that it is in payments. SEB, a Swedish financial group for corporate customers, institutions and private individuals headquartered in Stockholm, Sweden, was founded and remains controlled by the Swedish Wallenberg family.....
Riksbank Governor Stevan Ingves sees a Swedish digital currency as an imperative for the central bank.
Have you heard about casino without Swedish license and wondered why those are so special? What exactly does the Swedish license mean, and why is it becoming so popular to find casinos without it? This article delves deep into the intricacies of this phenomenon and the online casinos operating without a Swedish gambling license. With […]
Coinplug, a Korea-based bitcoin exchange, wallet, card and payment processor targeting the Asian market, recently received $5 million in Series B funding, according to CrunchBase. The exchange has received $8.3 million in funding from four rounds from nine investors. In addition to providing a bitcoin exchange, a bitcoin wallet and payment processing, Coinplug also provides a two-way ATM and payment processor and offers a bitcoin gift card called "okBitcard" which is available at supermarkets. Coinplug's Nine Investors. Mirae Asset Venture Investment is Coinplug's lead series A investor.....
The Swedish central bank keeps making steps towards modeling its e-krona pilot project by issuing a detailed report of the results of phase one for the path ahead. Riksbank is still optimistic about launching its central bank digital currency (CBDC), but there are hurdles to clear out on the road. Riksbank to Spend Another Year Exploring Solutions for the Pilot According to the report named “E-krona pilot phase 1,” the central bank highlighted that cash usage in Sweden is “declining.” That said, Riksbank sees potential problems arising from the decline in cash and....