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The cryptocurrency payment gateway launches fund raising using the BnkToTheFuture platform
George Town, Cayman Islands – 6 December 2018
CoinPayments, a bitcoin cryptocurrency payment gateway and over 1,000 altcoins, today announced a $ 30 million financing package through the global BnkToTheFuture online investment platform. CoinPayments is the only cryptocurrency payment processor to offer payment support for such a wide range of cryptocurrencies. This new loan will allow CoinPayments to broaden its vision of the adoption of cryptocurrency and to finance the unbanked by expanding the platform along with the addition of numerous new features.
"My vision is to help shift the supply of global currency from institutions run by private interests to an open, predictable and transparent monetary system."
– Alex Alexandrov – CEO, CoinPayments
Some of the current problems of the use of cryptocurrency include price volatility, the risk of centralization, the purchase and conversion of cryptocurrencies and the ability to find appropriate companies that accept cryptocurrency payments. CoinPayments will use the funding raised by this series A for:
- Expand and improve the CoinPayments platform and the mobile app
- Integrate the fiat agreements into the platform to allow companies to overcome price volatility
- Decentralize the storage of private keys to create two independent but interoperable systems
- Simplify the conversion of cryptocurrencies for users via a one-click instant conversion function
- Create a decentralized global market that brings together traders and buyers to make cryptocurrency transactions
Founded in 2013, CoinPayments has seen an exponential growth year on year since in 2015 it raised just over $ 250,000 in seed funding on the BnkToTheFuture platform. CoinPayments was the first cryptocurrency payments processor to support Litecoin and Ethereum payments and was able to capitalize on this first-mover advantage to fuel its exponential growth. CoinPayments has grown to support over 1,000 altcoins on its platform used by over 2.3 million businesses and users in 182 countries. In 2017, CoinPayments processed over $ 930 million in volume of commercial transactions and over $ 1.3 billion in consumer transaction volume.
More information on raising the $ 30 million Series A fund can be found on the official BnkToTheFuture list here.
About BnkToTheFuture
BnkToTheFuture is the largest global online investment community of professional investors who all invest in innovation and financial technology. Investors have access to investment in the same caliber of agreements that FinTech Angel investors and venture capitalists have access to. The BnkToTheFuture community is truly global, with active investors and entrepreneurs from 112 countries. Their team manages all documentation, administration and payment for both investors and companies that raise funds through the platform.
About CoinPayments
CoinPayments was founded in 2013 as the first altcoin payment processor and has since grown to support payments for bitcoins and over 1,000 altcoins for its user base of over 2.3 million business accounts and users in 182 countries. The easy-to-use platform offers plug-ins and pre-compiled integrations for all major e-commerce platforms, including Shopify, Woocommerce and Magento. With hosted portfolios, conversion and fiat settlement functionality, CoinPayments paves the way for cryptocurrency.
CoinPayments Inc. – George Town, Cayman Islands – www.CoinPayments.net – [email protected].
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