One of the global leaders in cryptocurrency ATM manufacturer, Coinme, … secured $1.5 million from Ripple’s Xpring and Blockchain Finance Fund.
One of the global leaders in cryptocurrency ATM manufacturer, Coinme, has recently kick-started its new A-1 funding round to accelerate global expansion. The interesting thing is that the company has successfully secured $1.5 million from Ripple’s Xpring and Blockchain Finance Fund.
Founded in 2014, Coinme is a leading blockchain financial services provider which aims to make cryptocurrencies prevalent across the globe with crypto ATMs. It became the first state-licensed Bitcoin ATM company in the U.S. and now operates the largest Bitcoin kiosk network in the world through the partnership with Coinstar.
The company is building a vertically-integrated network of cryptocurrency ATMs, crypto wallet, and other payment services using crypto to facilitate the client with an easy, secure and efficient medium-of-exchange and store-of-value.
After its inception, the company has been growing continuously and today operates one of the largest crypto ATM networks in the United States. To expand the services and accomplish its goal the firm has recently announced a new funding round and got fresh investment worth $1.5 million from Ripple’s Xpring and the newly established Blockchain Finance Fund.
Xpring is Ripple’s investment and development arm which focuses on investments in companies deeply associated with blockchain technology. It will be Xpring’s first investment in the digital currency kiosk industry.
Neil Bergquist, co-founder, and CEO of Coinme said:
“We are bolstered by this vote of confidence by Ripple and Blockchain Finance Fund in our vision and the exciting opportunity to provide access to digital currencies for millions of people around the world.”
Coinme has been developing a platform that accelerates the growth of digital currency economy. “We can now bring that infrastructure to a global audience,” Bergquist added.
Coinme is planning to utilize the capital from the funding round to expand its services across the United States. The company may also acquire additional licenses to take its business in the key international market. The capital might also be used in the development of other key features in its integrated online wallet to facilitate seamless crypto transactions.
Appreciating Coinme’s initiative to bring the crypto forth for everyone to access its mainstream applications and use them for payments and cash-based remittances, Ripple’s vice president Ethan Beard said that the firm is excited to partner with Coinme. He stated:
“At Xpring, we support mission-driven companies that have the potential to transform money. The Coinme team brings a perfect blend of experience to tackle this mission, and we’re excited to partner with them.”
Get Forbes’ top crypto and blockchain stories delivered to your inbox every Friday for the latest news on bitcoin, other major cryptocurrencies and …
Get Forbes’ top crypto and blockchain stories delivered to your inbox every Friday for the latest news on bitcoin, other major cryptocurrencies and enterprise blockchain adoption.
BLOCKCHAIN IS MUSIC TO WARNER’S EARS
Warner Music, the entertainment powerhouse behind major stars like Cardi B, Ed Sheeran and Bruno Mars, has joined an $11.2 million investment in Dapper Labs, the company best known for creating the viral blockchain game CryptoKitties.
Warner’s blockchain team will work with Dapper Labs to create new digital assets—think unique, tradable, digital merchandise—featuring a roster of superstar talent. The companies will use a new public blockchain called Flow, which is capable of handling much larger transaction volumes than the Ethereum blockchain.
At stake? The success of Dapper Labs itself, and the dominant position in a rapidly escalating competition to build economies that blur the line between digital assets and the real world.
Bitcoin had a quiet August, despite a 20% bump at the beginning of the month after President Trump tweeted his plans to impose additional tariffs on China and the Chinese yuan reached a 10-year low against the U.S. dollar. The most popular digital currency surrendered these gains as the month wore on, falling to as little as $9,326.
“It is not uncommon for crypto markets to react to global developments and news, but such moves are usually short-lived and loosely correlated,” said Joe DiPasquale, CEO of BitBull Capital.
As chatter circulates regarding the status of many crypto assets, like Stellar’s XLM and Ripple’s XRP, as potentially unregulated securities, Stellar has decided to give away roughly $124 million in XLM in a partnership with Keybase, a group messaging and file transfer hub. Ripple, on the other hand, has been selling off its XRP holdings.
INSIDE MILLER LITE’S BLOCKCHAIN BEER TRIVIA
Miller Lite jumped on the blockchain train last month, using the technology for its mobile trivia game that rewards of-age customers at certain bars and restaurants with a $5 prize that can be applied to a Miller Lite purchase. While the effort reads like a marketing play, the game uses blockchain and a crypto token to help verify participants and pay out winners of the game.
At this year’s Forbes Under 30 Summit in Detroit (October 27–30), competitors BMW, Ford, GM and Renault will share the stage to talk about how blockchain can help Motor City reimagine itself. Don’t miss it! Get 30% off General Admission tickets here.
France Vows to Block Facebook’s Libra Currency in Europe, Suggests ‘Public Digital Currency’ Instead. [Gizmodo]
Kakao’s Klay Cryptocurrency to Make First Exchange Listing. [CoinDesk]
An exclusive bitcoin ETF-like product just hit the market—here’s how it works. [CNBC]
Tiny Pacific Nation Makes a Go of Its Own Digital Currency. [Bloomberg]
To ensure money laundering is curbed, the Financial Conduct Authority (FCA) of the United Kingdom (UK) has proposed certain limitations for software programs that are built by crypto developers.
The Anti-Money Laundering and Counter-Terrorism Financing regulations are expected to be extended for entities or institutions that are concerned with digital transactions and cryptocurrencies. These requirements will be enforced in the upcoming year.
The regulations will also apply to companies that produce open-source software and those that produce light wallet software.
UK cryptocurrency regulations: Tracking transactions
The requirements were initially proposed as a decision of her Majesty’s Treasury. The decision aimed to widen the approach of Anti-Monday Laundering and Counter-Terrorism Financing regulations for companies that deal with cryptocurrencies.
This proposal is expected to be approved and enacted into United Kingdom’s Law by Q1 2020.
Coin Center; a research institute for cryptocurrency that is based in the United States, has spoken against the extension of these regulations, exclaiming that such proposals violate the rights of freedom of speech and privacy.
Conclusively, the authorities are striving to have control over cryptocurrency and crypto technology. The newly proposed regulations aim to track user transactions, especially those that are unlawfully performed.
The proposed extension of UK cryptocurrency regulations aim to impose more control over the crypto space. Previously, the FCA also imposed restrictions on cryptocurrency investors. The authority implied that conventional buyers of cryptocurrencies have inadequate knowledge of the crypto space, which makes them unable to make informed decisions.
Since late June 2019, the cryptocurrency industry is now required to share user data with the Financial Action Task Force (FATF).
UK’s Financial Conduct Authority has not yet provided any explicit information regarding the subject; thus, it is not certain if open-source software code will be exempt from the extended regulations.
This Blockchain Distributed Ledger MarketReport provides in-depth and detailed data for investment plans with research and development budgets, …
This Blockchain Distributed Ledger MarketReport provides in-depth and detailed data for investment plans with research and development budgets, raw material budgets, labor cost, and other funds. Global Blockchain Distributed Ledger Market industry is large enough to build a sustainable business, so this report helps you to identify the opportunities in Global Blockchain Distributed Ledger Market.
The Global Blockchain Distributed Ledger market is valued at xx million US$ in 2018 and will reach xx million US$ by the end of 2025, growing at a CAGR of xx% during 2019-2025. The objectives of this study are to define, segment, and project the size of the Blockchain Distributed Ledger market based on company, product type, end-user and key regions. This report focuses on the Blockchain Distributed Ledger in the global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.
Blockchain Distributed Ledger Market Segment by Manufacturers: –
Blockchain Tech Pvt. Ltd.
Digital Asset Holdings
Global Blockchain Distributed Ledger market report also presents the manufacturer’s landscape and a corresponding detailed analysis of the major manufacturers operating in the Blockchain Distributed Ledger industry. Blockchain Distributed Ledger market also provides Opportunities, Risk, and Driving Force which shows current and future market condition, to get a full detailed list, view our report.
Blockchain Distributed Ledger market segmented on the basis of product, end-use application, and geography. Furthermore, on the basis of geography, the Blockchain Distributed Ledger market is classified into five major regions including the Middle East, North America, Europe, Asia Pacific, and Africa, and Latin America.
The overviews, SWOT analysis and strategies of each vendor in the Blockchain Distributed Ledger market provide understanding about the market forces and how those can be exploited to create future opportunities. This research report categorizes the global Blockchain Distributed Ledger market by top players/brands, region, type and end user. This report also studies the global Blockchain Distributed Ledger market status, competition landscape, market share, growth rate, future trends, market drivers, opportunities and challenges, sales channels and distributors.
Blockchain Distributed Ledger Market by Regions: –
North America (USA, Canada and Mexico),
Europe (Germany, France, UK, Russia and Italy),
Asia-Pacific (China, Japan, Korea, India and Southeast Asia),
South America (Brazil, Argentina, Columbia etc.),
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Industry chain analysis, raw material and end user’s information. Global key players’ information including SWOT analysis, company’s financial figures, Laser Marking Machine figures of each company are covered. Blockchain Distributed Ledger market analysis tools used in the report include Porter’s five forces analysis, PEST analysis, drivers and restraints, opportunities and threatens. Based year in this report is 2019; the historical data is from 2014 to 2018 and forecast year is from 2019 to 2025.
Market Reports World is the Credible Source for Gaining the Market Reports that will Provide you with the Lead Your Business Needs. Market is changing rapidly with the ongoing expansion of the industry. Advancement in the technology has provided today’s businesses with multifaceted advantages resulting in daily economic shifts. Thus, it is very important for a company to comprehend the patterns of the market movements in order to strategize better. An efficient strategy offers the companies with a head start in planning and an edge over the competitors.
Blockchain Distributed Ledger Market report would come handy to understand the competitors in the market and give an insight into sales, volumes, …
Blockchain Distributed Ledger Market report would come handy to understand the competitors in the market and give an insight into sales, volumes, revenues in the Blockchain Distributed Ledger Industry & will also assists in making strategic decisions. The report also helps to decide corporate product & marketing strategies. It reduces the risks involved in making decisions as well as strategies for companies and individuals interested in the Blockchain Distributed Ledger industry. Both established and new players in Blockchain Distributed Ledger industries can use the report to understand the Blockchain Distributed Ledger market.
In Global Market, the Following Companies Are Covered:
Blockchain Distributed Ledger Market Breakdown by Types:
Blockchain Distributed Ledger Market Breakdown by Application:
Retail & e-Commerce
Media & Entertainment
The Blockchain Distributed Ledger Market report covers all the data that helps Industry Executives, Specialists, Analysts get all the required statistics along with graphs, tables & figures to help understand Market Overview, Scope and Market Challenges. The report broadly provides the market size, share, trends, growth and forecasts to 2025.
Critical highlights covered in the Global Blockchain Distributed Ledger market include:
In-depth market analysis, including information about current Blockchain Distributed Ledger market drivers and challenges
An exhaustive study on the expected trends, changing market dynamics and market intelligence
Porter’s Five Forces analysis discussing the potentiality of buyers and sellers operating in the market, which is likely to help in developing efficient strategies
Detailed analysis of the changing competitive scenario and thorough vendor analysis
The information available in the Blockchain Distributed Ledger Market report is segmented for proper understanding. The Table of contents contains Market outline, Market characteristics, Market segmentation analysis, Market sizing, customer landscape & Regional landscape. For further improving the understand ability various exhibits (Tabular Data & Pie Charts) has also been used in the Blockchain Distributed Ledger Market report.
In the end, Blockchain Distributed Ledger Industry report provides the main region, market conditions with the product price, profit, capacity, production, supply, demand and market growth rate and forecast etc. This report also Present new project SWOT analysis, investment feasibility analysis, and investment return analysis.