06 Sep '15, 12pm

French Bitcoin Payment Services Startup Paymium Raises €1 Million

French Bitcoin Payment Services Startup Paymium Raises €1 Million

Paymium, a Paris-based bitcoin payment services startup, has raised €1 Million ($1,126,000) in seed funding. The round was contributed by French venture capital firms Newfund and Kima Ventures, as well Galitt, a payments consultancy and services firm. Itd also included a number of angle investors. The funding will go towards expanding Paymium’s presence in Europe and research and development. The service is similar to that of a Coinbase, acting as an exchange service for bitcoin buyers/sellers as well as facilitating merchant acceptance for payment. The announcement comes at a time of a noticeable drop in crypto industry venture investment, particularly in the area of ‘traditional’ bitcoin-as-a-currency services, which have been increasingly overshadowed by growing interest in Bitcoin’s blockchain technology. However, the industry in Europe is still considered by some as r...

Full article: http://www.financemagnates.com/cryptocurrency/news/french...

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