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The start of the monero earns $ 2 million after receiving support from ConsenSys
ConsenSys recently participated in a $ 2 million funding round for the Startup Monerium blockchain. The Icelandic "E-Money" company has received funds from various companies. The round was led by Crowberry Capital and Hof Holdings, a private investment company.
Monerium is a startup founded in 2016 and created by Jon Helgi Egilsson, former president of the Central Bank of Iceland. At the moment, the company is working to develop a solution that allows interested customers to negotiate legal currencies using blockchain technology.
With the funds raised, the company should continue to study and develop the desired products. The company wishes to issue an activity-based electronic money, redeemable and regulated using DLP technology (distributed ledger technology). This would allow financial institutions and businesses to send and receive funds.
At present, the company is not yet authorized in the European Union. However, they are already applying for a license and operating on the continent.
On this, the CEO of Monerium, Sveninn Valfells, commented:
"Becoming an authorized financial institution is the next fundamental step for Monerium in order to assume full responsibility and control over the full range of functions necessary to issue electronic money on blockchains: asset management, compliance, risk management and product development. ".
ConsenSys It is working to support companies that build infrastructure for a decentralized world, said Andrew Keys, the co-founder of the company.
ConsenSys has been in the news in recent months after announcing a new strategy called ConsenSys 2.0. The intention is to improve its efficiency, accountability and revenue. The bear market that the cryptocurrency market has experienced seems to have hit several companies in space.
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