Crypto Startup Eligma Raises $4.4 Million From Pangea Blockchain

A crypto payments startup based in Slovenia called Eligma was recently able to raise $4.4 million USD from Pangea Blockchain Fund. The venture capital company is owned by the famous crypto entrepreneur (and troll) Roger Ver.

According to CEO Dejan Roljic, Eligma was able to double its value in less than a year and a half. This attracted prominent investors such as Pangea Blockchain Fund. Now that the company received this investment, Roger Ver will enter its board of directors.

The company’s main goal is to create a blockchain payments network that will help people to get paid in a more effective way. The idea is to make payments seamless and easy. It was also affirmed that the platform should be able to provide the conversion of crypto to fiat money quickly and that it is set to be used by merchants all over the world.

In order to use a platform, people have to buy and use Eli tokens created by the company. They are built on top of the Ethereum blockchain, but the CEO has already affirmed that these payment tokens will migrate to the Bitcoin Cash (BCH) network soon. The migration will be made using the money from the investment. The tokens will then be integrated with a Bitcoin wallet.

Curiously, the company has received money from Ver’s company and will not invest in Bitcoin Satoshi Vision, his own version of Bitcoin, but in its competitor Bitcoin Cash instead.

Now, the next goal of the company is to offer its services in Turkey. The country is currently being ravaged by high inflation, so the idea is to offer services there to connect it with Europe.

Get Free Email Updates!

*Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

I will never give away, trade or sell your email address. You can unsubscribe at any time.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer


Please enter your comment!
Please enter your name here


Live Bitcoin Price & Latest BTC Charts

Today's Latest Crypto News

Deregulating Bitcoin May Increase Speculative Trading Instead of Technical Innovation: Japan’s New Top Financial Regulator

Ryozo Himino, the new top financial regulator of Japan, wants the country to take caution over promoting digital assets, arguing that instead of promoting...

Goldman Sachs New Digital Asset Manager Reveals Plans to Bring A ‘Digital Token' to the Bank

U.S. financial giant Goldman Sachs is pushing forward its plans to launch a digital asset with the appointment of its new digital asset...

Grayscale Ethereum Trust Files with SEC to Halve the ETHE Locking Period Same as GBTC

Grayscale Investments has publicly filed a registration statement on Form 10 with the US Securities and Exchange Commission (SEC) on behalf of its Ethereum...

Florida Teenager Behind the Infamous Crypto Twitter Hack Pleads Not Guilty to 30 Counts of Fraud

Graham Ivan Clark, the 17-year old Florida teenager accused of being the main culprit of the most significant privacy breach in Twitter’s history, has...

Bitmain’s Management Feud Is Finally Affecting Business Operations; AntMiners Shipments Delayed

Bitmain’s top-level struggles cause a three-month delay in Antminer hardware. Two mutually exclusive solutions offered to customers. The constant wrangling within the largest Bitcoin...

BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.

Start Using Crypto Today