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CoinPayments, a cryptocurrency payment gateway, has launched a series of A loans to expand its operations. So far, the effort has attracted a significant amount of money, with the global online investment platform BnkToTheFuture which has recorded over $ 4 million in investments received. At the time the financing round ends, the company hopes to have attracted $ 30 million.
The money will be used to cover a number of expenses. The company explains that the funds will be used for a range of activities, including the expansion and improvement of its platform, the integration of fiat agreements, the decentralization of private key storage and the simplification of conversions. of cryptocurrencies that will allow users to convert between different cryptocurrencies with a single click.
CoinPayments supports over 1,100 cryptocurrencies, making it one of the most diverse encrypted payment solutions available. It has over two million users and, since it was founded in 2013, has processed more than $ 2 billion of transactions: over $ 930 million deriving from commercial transactions and over $ 1.3 billion derived from consumer transactions. CoinPayments was the first payment processor to support both Litecoin and Ethereum and is now available in over 182 countries worldwide.
BnkToTheFuture offers a platform that allows any investor to contribute to projects in the areas of innovation and financial technology. It includes investors and entrepreneurs from 112 different countries and is able to manage all documentation, administration and payments for both investors and companies involved in raising funds on the platform.
The inclusion of an instant encryption option to fiat solution is a huge advantage for any encryption processing solution. Market volatility and conversion fees are currently strong deterrents for encrypted adoption by the retail industry, but the ability to quickly exchange encryption for fiat helps mitigate these factors.
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