Eligma, is a commerce platform designed to accept payments through cryptocurrencies, has raised €4m in funding.
The capital injection was supplied by Bitcoin.com and Pangea Blockchain Fund.
Eligma is a blockchain technology stack which aims to empower local and online merchants to accept cryptocurrency payments to support the growth of the payment type. The company offers a web POS system to allow local stores access payments through browsers.
Other solutions include an integrated POS for local stores, either plug-in or customer integration, and a plug-in POS which works for online stores.
Following the close of the deal, the company will be integrating its ELI token into the Bitcoin.com exchange and supported by its digital wallet. Eligma also expects the token could be renamed to GoCrypto.
Other plans for the future include boosting investments into its merchant infrastructure and opening a new market.
In a company blog post revealing the funding, the company said, “We’re here for the people. We are changing finance and payments so everyone can win. We’re building a payment network to help people get paid seamlessly. We strongly believe in building solutions where cryptocurrencies meet cash.
“Where merchants can set prices in their local currency as they always have, while enabling direct crypto payments to their customers and getting paid in their preferred currency. Everyone gets the best of both worlds, and we take great care that this happens securely, instantly, and without hassle for any participant.”
Copyright © 2019 FinTech Global
