On Wednesday, Galoy, the firm behind El Salvador’s Bitcoin Beach Wallet, announced that the company raised $4 million in funding.
Fintech Firm Galoy Raises $4 Million, Startup Introduces Bitcoin-Backed Synthetic Dollar Product
The founder of Hivemind Ventures, Max Webster, believes open source bitcoin banking is very important in order to bolster the global adoption of technologies like the Lightning Network. “Galoy dramatically lowers the barrier for any community or organization to become their own bank and plug into the world’s first open monetary and payments standard,” Webster explained in a press statement.
This enables dollar-equivalent USD accounts inside of Lightning wallets, solving one of the biggest problems for people using bitcoin for everyday transactions: short-term exchange rate volatility.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Bitcoin beach wallet creator Galoy raises $4 millionBitcoin-native banking software company and creator of El Salvador’s Bitcoin beach wallet Galoy raised $4 million.
Consulte Mais informação »
Seattle kills $4-per-hour hazard pay for grocery workers, effective next monthSeattle's city council voted 5-2 to end mandatory pandemic hazard pay for grocery store workers. The end to the extra $4 per hour workers are receiving takes effect 30 days after the legislation is approved by Seattle Mayor Bruce Harrell.
Consulte Mais informação »
Long price decline has gas across US near $4 againThe national average for regular gasoline dropped 3 cents to $4.16 a gallon, according to AAA. That marks the 50th consecutive day of falling prices. Utah's price today is $4.78.
Consulte Mais informação »
Israeli Lidar Maker Innoviz Wins $4 Billion Volkswagen Contract for Millions of SensorsInnoviz has struck a deal to supply lidar units to Volkswagen for millions of vehicles. The deal could be worth $4 billion over eight years, it said.
Consulte Mais informação »
Bitcoin beach wallet creator Galoy raises $4 millionBitcoin-native banking software company and creator of El Salvador’s Bitcoin beach wallet Galoy raised $4 million.
Consulte Mais informação »
Bitcoin miner Marathon secures additional $100 million loanBitcoin miner Marathon announced that it secured $100 million dollars in funding from Silvergate Bank.
Consulte Mais informação »