Vancouver, British Columbia, Canada-based payment processor CoinPayments announced on Sunday in a press release sent to CoinReport, which had secured more than $ 100,000 in investments from qualifying professional investors on the first day of its seed funding round. BnkToTheFuture, which attracts some of the most promising FinTech, and the Alternative Finance and Innovation business from the world.
CoinPayments passed the $ 100k invested mark within a few hours of having launched its investment campaign.
Bitcoin or other currencies, giving investors a way to spend their altcoins, or giving them a bitcoin or traditional currencies.
Currencies with fully automated security features.
CoinPayments CEO Alex Alexandrov told CoinReport in an email:
"CoinPayments is prepared for a non-coin centric future, with an open and democratic payment platform that embraces all coins that the market will support. We are building an ultimate payment platform to cope with such reality now. "
Altcoins, alternative coins (alternatives to bitcoin), work in a similar way as bitcoins where people can send money anywhere in the world at virtually no cost from person to person. There are more than 600 altcoins out there, but they have been exchanging them for bitcoin due to the recent uptick in price.
"While investors flock to Bitcoin, many alternative cryptocurrencies known as altcoins have been left behind plummeting in value," said CoinPayments. "[We have] Also seen as an increase in volume as people look to spend their altcoins as they fluctuate in value. "
CoinPayments said that it was setting out to raise capital to develop the platform further and expand the team to $ 5.5 million USD in transaction for their clients.
Alexandrov said in the press release, "I've always known money. CoinPayments is an open and seamless world of payments, that works wherever you are. "
Logo – Via press release
Alex Alexandrov's photo – Courtesy of CoinPayments