29 Sep '15, 11am

Blockchain-Based Digital Cash Platform Raises $1.2 Million #bitcoin

Blockchain-Based Digital Cash Platform Raises $1.2 Million #bitcoin

Safe Cash Payment Technologies, a blockchain-based digital cash platform that will enable consumers to purchase digital tokens in exchange for cash, has raised $1.2m in seed funding. The San Francisco-based company procured funding from investors including InfoSpace founder Naveen Jain, who said the platform was "on to a very disruptive idea". Speaking to CoinDesk about the platform, which uses a litecoin-compatible private blockchain and is expected to launch early next year – Chris Kitze, the firm's CEO, said: "Our platform is a permission-based blockchain that's licensed to and controlled by banks. We are a technology service provider for banks and we don't handle any money – that's up to our bank partners, licensed money businesses and licensed exchanges." Collateralised tokens The digital tokens, Kitze said, are 100% collateralised. "This means each token that represe...

Full article: http://www.coindesk.com/blockchain-based-digital-cash-pla...

Tweets

Memsstar raises funding to boost exports: Memsstar, the Livingston manufacturer of MEMS...

Memsstar raises funding to boost exports: Memss...

electronicsweekly.com 30 Sep '15, 8am

Memsstar raises funding to boost exports no comment david manners 30th September 2015 Get news by email Memsstar, the Livi...

#bitcoin

#bitcoin

coindesk.com 28 Sep '15, 8pm

Ethereum has released new details about the state of its finances, ending speculation about the project's financial health...

#bitcoin

#bitcoin

coindesk.com 29 Sep '15, 2pm

Distributed ledger startup R3CEV has added 13 new banking partners, bringing the total number of banks involved in its act...

#Bitcoin company coinplug raises $5 million in #funding #news #tech #science

#Bitcoin company coinplug raises $5 million in ...

coindesk.com 02 Oct '15, 4pm

South Korean bitcoin services company Coinplug has closed a $5m Series B funding round. The company drew support from firm...

SA’s Bankymoon launches bitcoin crowdfunding platform for African schools

SA’s Bankymoon launches bitcoin crowdfunding pl...

disrupt-africa.com 30 Sep '15, 8am

South African startup Bankymoon has launched a crowdfunding platform that allows public schools in Africa to use blockchai...

Digital Currency Derivatives Exchanges Prepare ...

bitcoinmagazine.com 28 Sep '15, 11am

Only a week after ruling that bitcoin and other digital currencies are commodities, the U.S. Commodity Futures Trading Com...

#Bitcoin

#Bitcoin

coindesk.com 29 Sep '15, 9pm

Chinese conglomerate Wanxiang Group, best known as one of the nation's largest auto parts manufacturers, is investing in b...

it is not the @Bitcoin, it is the #blockchain that matters

it is not the @Bitcoin, it is the #blockchain t...

techcrunch.com 04 Oct '15, 11am

Florian Graillot Crunch Network Contributor Florian Graillot is a VC investor at AXA Strategic Ventures . More posts by th...

African Renewable Energy Fund raises $200 milli...

pv-magazine.com 26 Sep '15, 8pm

African Renewable Energy Fund raises $200 million 22. September 2015 | Global PV markets , Industry & Suppliers , Markets ...

#Bitcoin

#Bitcoin

coindesk.com 07 Oct '15, 11am

Just last week, distributed ledger startup R3CEV triggered a wave of excitement when it announced an additional 13 banks h...

GE’s Digital Power Plant: the Natural Gas Conte...

greentechmedia.com 29 Sep '15, 8pm

General Electric is sinking billions of dollars into natural gas turbines and power plants as the answer to the world’s ne...

Japanese Cryptocurrency Management Platform Rai...

bitcoinmagazine.com 08 Oct '15, 1pm

Japanese cryptocurrency management service provider and SmartCoin operator Orb has raised US $2.3 million in seed funding ...

Never Losing the 'What' of Digital Advertising

searchenginewatch.com 30 Sep '15, 12pm

Chris entered the digital industry in 1996 when he joined search marketing agency WGI (later acquired by Tempus Group). He...