Haydn Franklin Haydn Franklin, Tuesday 3rd September 2019, 10:48 AM GMT+0000
Eligma

$4.3 Million Raised by Eligma

Eligma, a Blockchain payment firm from Slovenia announced on Monday, September 2, 2019, that they’d acquired $4.3 Million in funds. These funds come from Pangea, a Venture Capital Blockchain Group and Bitcoin.com from Roger Ver. Eligma has been active in the blockchain space for less than a year, launching in late 2018. They’ve aimed to maintain an infrastructure that provides point-of-sale payment services for digital currency merchants. Today, these retail clients can transfer payments with Crypto and Fiat currencies through the EliPay Application from Eligma.

The target market for Eligma has initially been Slovenia, the companieshome market. However, they expanded their payment services to Croatia with several companies. The next step is taking the EliPay to an international market, which is why the company has acquired a substantial amount of funds.

The CEO of Eligma, DejanRoljic, commented on their funding round by stating: “Eligma effectively solved this problem with EliPay, which enables instant crypto transactions; furthermore, the merchant receives a settlement in local fiat and is thus safe from crypto volatility. This makes the use of cryptocurrencies quick and effective for daily use. We must not forget that cryptocurrencies were envisioned as the electronic cash of the future.”

The Future of Eligma

Eligma has established its services with more than 430 companies and businesses in Slovenia or Croatia. This includes shops, hotels, restaurants, sports facilities, crypto exchanges and blockchain networks. It was only earlier this year that the payment service provider joined ventures with Bitcoin.com. This allowed them to offer their services to an additional four million clients. Eligma has publicly stated that they plan to partner with further exchanges to create a larger platform. Additionally, the Eli Token could come to Bitcoin and other transactions in the coming months. Considering that Bitcoin.com recently implemented lower trading fee’s, the Eli Token is slated to be a substantial success.

Roger Ver finished his statement with, “Bitcoin.com is investing in Eligma, as we drive more and more adoption and make it easier and easier for more people in more and more countries around the world to use cryptocurrencies in general.”

Haydn Franklin

Author: Haydn Franklin

Hayden joined whichbroker.com in March 2019. He previously held positions at leading US facing financial news outlets. Hayden's focus is primarily Crypto and Forex news at whichbroker.com, however he is also whicbrokers long form content specialist leading him to write longer posts with an investigative angle. Hayden gradutated from the University of Chicago. Haydn Franklin can be contacted at [email protected], View all posts by Haydn Franklin

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