Micropayments startup NeuCoin has raised $ 1.25 m in angel and seed funding from over 20 individual investors, including King co-founder Patrik Stymne, Uber SVP Emil Michael and Hotwire president Henrik Kjellberg.
He cited the recent decision by content
micropayments startup Yours to move its platform to litecoin as a notable «win» that suggests further progress can be made with the altcoin's target audience.
The investment is the second made by Kuala in the bitcoin and blockchain sector, following a December decision to provide bitcoin
micropayments startup SatoshiPay with $ 160,000 ($ 183,000) in funding.
Bitcoin
micropayments startup ChangeTip has introduced a new feature that lets users receive tips without a social media account.
Bitcoin isn't the only venture that is going after the e-currency pie: we've written before about Flattr,
the micropayment startup founded by The Pirate Bay co-founder Peter Sunde, which is trying to create a «tip jar» - style payment system for content (the company recently launched a way to integrate payments with Twitter).
The micropayment startup based in London has adopted Lumens as its underlying cryptocurrency for the schemes settlements.
Not exact matches
Two sexier, consumer - focused Bitcoin
startups Draper likes to showcase are BitPagos, a payment processer for hotels in Argentina that lets them keep money in Bitcoins instead of exposing it to the country's crippling inflation rate, and BitWall, which lets digital publishers charge per - article
micropayments to readers and avoid costly credit card transaction fees.
Following its successful test with bitcoin
micropayments provider BitWall back in February, the Chicago Sun - Times has announced that it has partnered with San Francisco - based bitcoin
startup Coinbase to accept bitcoin payments.
Other
startups that have recently launched to take advantage of the increasing interest in Bitcoin include London - based Bitcoin exchange Coinfloor; music jukebox hack Beatcoin;
micropayment platform BitWall; and whitelabel exchange Buttercoin.
Bitcoin is progressing in phases: — decentralised BTC buying and investing in Bitcoin, infrastructure (
startups, etc.), — creation of new use cases; for example,
micropayments and companies like change tip bitpesa and others, — non-financial blockchain applications — the disruption of payment monopolies and oligopolies.
One of his new
startups, Bitcache, is developing a blockchain - based
micropayments system that would transform Bitcoin's usability from theory to reality.
Yours, a
startup led by the bitcoin developer Ryan X. Charles, is attempting to overturn the cryptocurrency community's negative impression of
micropayments - based content publishing platforms by integrating bitcoin.
Once the Yours platform is launched, Charles believes that it will set a positive precedent for other companies and
startups utilising bitcoin
micropayments.
Another blockchain
startup has announced it will no longer use bitcoin for its
micropayments processing.
Notably, SatoshiPay is not the only
startup to switch from bitcoin to another blockchain because of issues with the escalating costs of
micropayments.
Throughout the interview, Kaufman and co-founder Johan Sandstrom sought to frame bitcoin as ill - equipped to become a more widely used
micropayments solution, given that its high cost restricts
startups from promoting its use.
The Silicon - Valley company boasts an impressive lineup of respected investors, including Gil Penchina, Pantera Capital, and 500
Startups, and hasraised over $ 3.5 million in funding to pursue
micropayments and Bitcoin technology.
«
Micropayments is a thing that is deemed kind of impossible,» Sergey Ukustov of Machinomy, the Russian payment channels
startup that SpankChain partnered with to build its platform, told CoinDesk.