ChangeTip Raises $3.5 Million, User Count Growing by 30% Monthly

ChangeTip, "a love button for the internet," has raised $3.5 million in its latest funding round. The round was led by Pantera Capital, with participation from Bold Start Ventures, DCG, CryptoCurrency Partners, 500 Startups and others.

The funding will go toward product enhancement, platform engineering development and user acquisition.

ChangeTip lets social media users express their appreciation to others with small tips in cryptocurrency ranging in eligible size from $0.00001 to $100. A tipping event on a given social media platform shows up as a user labelled as ChangeTip registering the transfer, expressed in bits (one millionth of one Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term), dollars and the prize (e.g. donut).

Said Nick Sullivan, ChangeTip founder and CEO:

"The social media phenomenon of ‘tipping’, or expressing one’s appreciation over the Internet with small monetary or other digital gifts, is building momentum. With ChangeTip, a million users can tip $0.01 and the content creator can collect his $10,000 – an impossibility in a legacy Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term world."

Indeed, visitors to various forums including Twitter and Reddit have observed an increasing frequency of changetipping during recent months. In August, the feature became available for Google Plus, YouTube and Tumblr. This is in addition to several other channels, and more are slated for future support.

Over 50,000 social media users are reportedly connected, with a reported monthly user growth of 30%.

For a detailed list of recent investment and M&A activity in the crypto industry, please visit the DC Magnates Crypto Deal Table.