6 Bitcoin Startups Leading The Digital Transformation of Financial Services – Brian D

6 Bitcoin Startups Leading The Digital Transformation of Financial Services

Instead, the concentrate today is on the Bitcoin startups making flaps in the Financial Services industry.

In a latest post titled, “The ‘2nd Era’ of Fintech Investment: A List of Things to Know,” I mentioned the following innovative companies:

1. Bitpay

“Want to get up and running with bitcoin? BitPay has partnered with some of the most popular e-commerce platforms and point-of-sale systems to make reliable, ready-to deploy integrations.”

Bitpay is building an fintech infrastructure for the future of payments, developing Bitcoin’s open-source ecosystem, and bringing Bitcoin to the world. Founded in 2011, BitPay was began because “we wished to make it effortless for businesses to accept bitcoin payments.” Bitpay is presently the largest bitcoin payment processor in the world, having created a “seamless, secure bitcoin payment practice” used daily by hundreds of thousands of bitcoin users. If payment processing was Bitpay’s very first contribution to the Bitcoin cause, it was certainly not Bitpay’s last: Bitpay has enhanced the user practice with the BitPay secure bitcoin wallet and the BitPay Card, which gives bitcoin users a swift way to convert bitcoin into dollars and spend their funds anywhere Visa ® is accepted. In addition, Bitpay has moved beyond payment processing with Bitcore, an open source platform built to power the next applications of Bitcoin.

“Bitcoin’s future looks very bright, and we plan on remaining on the forefront of this technology, creating more contraptions and services for everyone to use in innovative fresh ways.”

Two. Bitstamp

“The way to trade Bitcoin. Safe. Ordinary. Licensed.”

Over 700,000 traders around the world use Bitstamp’s trading instruments, making Bitstamp the world’s 2nd largest Bitcoin exchange by volume (as of 2016). Based in Luxembourg and commenced in 2011, the Bitstamp mission is “to be the safest and most reliable digital currency exchange on the market.” In continuing its strategy of Bitcoin UX Innovation, Bitstamp recently announced fresh digital currency trading pairs: “Litecoin has now emerged as the next candidate, with LTC/BTC, LTC/EUR and LTC/USD trading pairs to be launched in early June 2017. As you would expect, the news that SegWit is likely to be activated for Litecoin was one of the key factors in our decision. We are also encouraged by Ethereum’s (ETH) potential, which will be made available shortly after, and we will proceed to consider other digital currencies for inclusion on an ongoing basis.”

“We believe bitcoin is here to stay. Our objective is to provide reliable effortless to use service for companies and individuals to exchange bitcoins.” — Nejc Kodrič, Bitstamp CEO

Three. Blockchain

“We are on a mission to build a more open, accessible, and fair financial future, one lump of software at a time. Our technology is revolutionizing the financial services industry by empowering millions across the globe to authenticate and transact instantly and without costly intermediaries.”

Blockchain is the world’s leading software platform for digital assets. Suggesting the largest production block chain platform in the world, they are using fresh technology to build a radically different financial system. “Our software has powered over 100M transactions and empowered users in one hundred forty countries across the globe to transact quickly and without costly intermediaries. We also suggest contraptions for developers and real time transaction data for users to analyze the burgeoning digital economy.” According to their website, Blockchain serves over fourteen million Bitcoin wallets, 160,ooo+ daily transactions, and has attracted VC interest to the tune of $30 million. “Blockchain is the early leader… They are actually making the entire ecosystem.” -The Fresh York Times

“The work we do is driven by a collective desire to suggest financial empowerment to everyone and anyone in the world. There’s nothing else we’d rather be doing.”

Four. Blockstream

“Rethink Trust. Blockstream solves problems that undermine trust in today’s financial systems.”

Blockstream is the leading provider of blockchain technologies, on the forefront of work in cryptography and distributed systems. The venture-backed stiff is best known for iterating on top of the open-source bitcoin protocol with projects such as the Lightning Network and sidechains, the latter of which aims to permit users to send assets back and forward inbetween blockchains ‘pegged’ to bitcoin. Blockstream provides a range of software and hardware solutions and experienced professional services to companies deploying fresh blockchain-based networks. “Elements, our core software platform, was released as part of the open source Elements Project; it’s presently one of the most mature protocols for blockchain developers. Together with PwC and a growing network of fucking partners, we combine our technical depth with world-class domain expertise to supply solutions that cross industries and use cases.” Blockstream’s primary area of innovation is in sidechains, a technology invented to extend the capabilities of Bitcoin’s blockchain. Sidechains create the chance for fresh models of trust, extending and improving upon the properties of Bitcoin. “Making the world around you a more seamless practice means making sure that all of today’s systems are well-integrated. To make systems work well together, we’ll need interoperable protocols. Sidechains permit digital assets to be moved from one blockchain to another. In concert with other systems, sidechains can be used to link disparate markets together to provide liquidity through a collective protocol.”

“The promise of cryptofinance is one of trustworthy financial systems. Building these kinds of systems requires fresh models of trust, and sidechains are the platform for building them.”

Five. Coinbase


Coinbase is a digital asset exchange company headquartered in San Francisco, California. It operates exchanges of Bitcoin, Ethereum, Litecoin and other digital assets with fiat currencies in thirty two countries. According to its website, Coinbase serves 7.Five million users, 24.Trio million cryptocurrency wallets, and has been backed by $117 million in VC money.

“We make Bitcoin, Ethereum, and Litecoin effortless to use, strive to be the trusted brand in the space, and have built the world’s leading platform for digital currency integration.”

6. Twenty one Inc

“We’ve made it possible to use digital currency to send and receive targeted, paid microtasks. Come join us.”

The brief of it: twenty one Inc makes Bitcoin useful for developers. Based in Silicon Valley, California, twenty one Inc is a Bitcoin startup that enables its users to build, buy, and sell machine-payable apps with developers all around the world. The company provides its users with an embeddable mining chip that can be integrated into any internet-connected device, thereby supporting a continuous stream of digital currency for use in a broad multiplicity of applications. Twenty one Inc was founded in two thousand thirteen and has received equity funding of $121 million in two Rounds from sixteen Investors. In 2016, twenty one Inc released its very first product: the twenty one Bitcoin Computer, which permits for mining the cryptocurrency as well as for building applications on top of the Bitcoin blockchain. “The network of twenty one Bitcoin Computers does not work like a typical mining pool; it is set up to give you a close-to-continuous stream of a puny amount of bitcoin for development purposes (rather than a lumpy, randomly timed block prize intended for selling on an exchange) to make that bitcoin useful for buying and selling digital goods.” Developers and Bitcoin enthusiasts can use the twenty one Bitcoin Computer to quickly create apps, services, and devices that can be rented or bought for bitcoin. The twenty one Bitcoin Computer is the very first computer with native hardware and software support for the Bitcoin protocol. In addition, twenty one software can now be installed on any Mac or Linux-compatible system, and eventually will come to mobile phones. “Every computer is now a bitcoin computer.” Once a computer can send a petite amount of money as part of its operating system, “it can effectively rent or sell resources to other computers,” Srinivasan says.

“One way of thinking about it is, the twenty one software makes bitcoin a part of your operating system,” Srinivasan says. “Over time, what we think that will do is increase request for bitcoin as a resource.”

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