Jump to content

Nuri (company): Difference between revisions

Edit links
From Wikipedia, the free encyclopedia
Browse history interactively
← Previous editNext edit →
Content deleted Content added
VisualWikitext
m Reverted edits by Sheik Rey (talk) to last version by MB
added info in Investment
Line 29: Line 29:


== Investment ==
== Investment ==
Bitwala announced a US$910,000 Seed funding in March 2016.<ref>http://www.coindesk.com/bitwala-raises-e800000-bitcoin-sepa-service/.</ref> The round was led by Germany's largest venture capital investment firm [[High-Tech Gründerfonds]] (HTGF), with participation of New York-based [[Digital Currency Group]] (DCG).<ref>http://gruenderfonds.de/en/german-bitcoin-startup-bitwala-raises-e800k-in-seed-round-to-empower-global-money-transfer-based-on-blockchain-technology/.</ref> HTGF Manager Chiara Sommer said that HTGF invested in Bitwala because “Bitwala will be the first truly international bank account which allows people from all over the world to send and receive money in various currencies at marginal fees and in real-time”.<ref>{{Cite web|url=http://high-tech-gruenderfonds.de/en/german-bitcoin-startup-bitwala-raises-e800k-in-seed-round-to-empower-global-money-transfer-based-on-blockchain-technology/|title=High-Tech Gründerfonds {{!}} German Bitcoin Startup Bitwala Raises €800k in Seed Round To Empower Global Money Transfer Based on Blockchain Technology|website=high-tech-gruenderfonds.de|language=en|access-date=2017-04-13}}</ref>
Bitwala announced a US$910,000 Seed funding in March 2016.<ref>http://www.coindesk.com/bitwala-raises-e800000-bitcoin-sepa-service/.</ref> The round was led by Germany's largest venture capital investment firm [[High-Tech Gründerfonds]] (HTGF), with participation of New York-based [[Digital Currency Group]] (DCG).<ref>http://gruenderfonds.de/en/german-bitcoin-startup-bitwala-raises-e800k-in-seed-round-to-empower-global-money-transfer-based-on-blockchain-technology/.</ref> HTGF Manager Chiara Sommer said that HTGF invested in Bitwala because “Bitwala will be the first truly international bank account which allows people from all over the world to send and receive money in various currencies at marginal fees and in real-time”.<ref>{{Cite web|url=http://high-tech-gruenderfonds.de/en/german-bitcoin-startup-bitwala-raises-e800k-in-seed-round-to-empower-global-money-transfer-based-on-blockchain-technology/|title=High-Tech Gründerfonds {{!}} German Bitcoin Startup Bitwala Raises €800k in Seed Round To Empower Global Money Transfer Based on Blockchain Technology|website=high-tech-gruenderfonds.de|language=en|access-date=2017-04-13}}</ref> Bitwala joins European Fintech Alliance in August 2018.<ref>{{Cite news|url=https://thefintechtimes.com/bitwala-joins-european-fintech-alliance/|title=Bitwala joins European Fintech Alliance {{!}} The Fintech Times|date=2018-08-07|work=The Fintech Times|access-date=2018-08-07|language=en-GB}}</ref>


== Services==
== Services==

Revision as of 10:17, 7 August 2018

Bitwala
Founded2015
Created byJörg von Minckwitz, Jan Goslicki, Benjamin P. Jones
CEOJörg von Minckwitz
ServicesInternational money transfers, bitcoin wallet, bitcoin debit card
URLbitwala.com

Bitwala is a global blockchain-based payment service provider headquartered in Berlin, Germany. Founded by Jörg von Minckwitz, Jan Goslicki, and Benjamin P. Jones in October 2015. According to Wired,[1] in contrast to other money transfer services like Western Union, Money Gram and Transferwise, the German startup utilises digital currency to offer a much faster and cheaper solution. Von Minckwitz, Goslicki and Jones are long time co-partners, having founded other blockchain businesses before Bitwala such as All4btc.com and Transistor Coworking, Germany’s largest fintech coworking space.

Bitwala enables SEPA and SWIFT money transfers by exchanging Bitcoin or Altcoins to over 20 fiat currencies to any bank account in over 200 countries worldwide.[2] Bitwala offers a Bitcoin debit card and also operates as a bitcoin wallet service to store, send and receive Bitcoin.[3][4]

Mission

We want to empower people to exchange value like they exchange ideas. Globally, instantly & at lowest possible cost.

Awards

2016

  • Runner up for Best Fintech Startup at the 2016 Pioneers Festival.[5]

2017

  • Best Blockchain Startup at the Paris Fintech Forum 2017
  • Best Finance Startup at Fintech.Pioneers 2017[6]
  • Top 3 Startups at the 2017 German Innovation Prize competition (Deutsche Innovationspreis).
  • Future FinTech Star Award at ICT Spring 2017 in Luxembourg[7]

Investment

Bitwala announced a US$910,000 Seed funding in March 2016.[8] The round was led by Germany's largest venture capital investment firm High-Tech Gründerfonds (HTGF), with participation of New York-based Digital Currency Group (DCG).[9] HTGF Manager Chiara Sommer said that HTGF invested in Bitwala because “Bitwala will be the first truly international bank account which allows people from all over the world to send and receive money in various currencies at marginal fees and in real-time”.[10] Bitwala joins European Fintech Alliance in August 2018.[11]

Services

Bitcoin to currency money transfers

Bitwala offers two options: a Bitcoin to SEPA and SWIFT money transfers and Bitcoin debit cards powered by Visa. Bitwala offers international money transfers in 20 local currencies to over 120 countries. By issuing bitcoin invoices, customers pay the invoice using Bitcoin or any alternative cryptocurrencies and Bitwala converts these funds and issues a bank transfer on behalf of its customers. In October 2016, Bitwala announced its support for 9 new local currencies, making money transfers using Bitcoin to Australia, Brazil, China, Japan, Malaysia, Mexico, the Philippines, South Korea, and Vietnam possible and received in the respective local currency.

EmailPay

Bitwala introduced EmailPay in 2015,[12] a feature which allows its customers to send money using Bitcoin to any email without needing to know the receiving bank account details. Bitwala supports 11 payout currencies for its EmailPay feature, which are Euro (EUR), British Pounds (GBP), US Dollar (USD), Swedish Krona (SEK), Hungarian Forint (HUF), Norwegian Krone (NOK), Croatian Kuna (HRK), Swiss Franc (CHF), Czech Republic Koruna (CZK), Danish Krone (DKK), and Polish Zloty (PLN).

Bitcoin debit card and wallet

In December 2015, Bitwala introduced their Bitcoin debit card. Powered by Visa, the Bitwala Bitcoin debit card allows customers to use Bitcoin to make POS and online payments and cash out at ATMs. The Bitcoin debit cards are issued by Wave Crest Holdings Limited pursuant to a license from Visa Europe and supports over 40 crypto currencies.

In August 2016, Bitwala launched a mobile and web cryptocurrency wallet for Android and iOS. The bitcoin wallet features multi-signature technology along with Two-Factor, enabling transactions to be signed on its customers devices. With multi-signature wallets, customers absolute access and control over funds in wallet.

Virtual assistant

In October 2016 Bitwala has created a virtual assistant called Lola that helps people go around Bitcoin. Lolabot is using technologies like artificial intelligence and natural language processing as well as voice recognition.[13]

References

  1. ^ https://www.wired.de/collection/business/bitwala-nutzt-die-blockchain-technik-fuer-ueberweisungen-ins-ausland
  2. ^ http://www.dw.com/en/the-booming-bitcoin-business/av-37834383
  3. ^ https://cointelegraph.com/news/bitwala-adds-debit-card-to-its-service-portfolio.
  4. ^ https://cointelegraph.com/news/bitwala-launches-bitcoin-wallet-how-safe-is-it.
  5. ^ http://themerkle.com/bitcoin-payments-startup-bitwala-finishes-in-2nd-place-at-pioneers-festival-2016/
  6. ^ "Bitwala crowned champion finance startup at Fintech.Pioneers" (PDF). Pioneers. {{cite web}}: Cite has empty unknown parameter: |dead-url= (help)
  7. ^ "Future FinTech Star Award at ICT Spring 2017". itone. {{cite web}}: Cite has empty unknown parameter: |dead-url= (help)
  8. ^ http://www.coindesk.com/bitwala-raises-e800000-bitcoin-sepa-service/.
  9. ^ http://gruenderfonds.de/en/german-bitcoin-startup-bitwala-raises-e800k-in-seed-round-to-empower-global-money-transfer-based-on-blockchain-technology/.
  10. ^ "High-Tech Gründerfonds | German Bitcoin Startup Bitwala Raises €800k in Seed Round To Empower Global Money Transfer Based on Blockchain Technology". high-tech-gruenderfonds.de. Retrieved 2017-04-13.
  11. ^ "Bitwala joins European Fintech Alliance | The Fintech Times". The Fintech Times. 2018-08-07. Retrieved 2018-08-07.
  12. ^ http://bitcoinist.com/bitwalas-new-emailpay-platform/
  13. ^ "Apple Has Siri, Now Bitcoin Has Lola the French Bulldog". Cointelegraph. 21 October 2016.
Retrieved from "https://en.wikipedia.org/w/index.php?title=Nuri_(company)&oldid=853849832"