Luxembourg startup CoinPlus gets €172,500 in seed funding

Luxembourg-based CoinPlus has secured €172,500 in seed funding, to be used for expanding operations and growing its team.

The company plans on building a 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 payment/transfer solution and an Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term.

CoinPlus joined Technoport, the country's state run startup incubator and plan on meeting regulators at the end of this month. Luxembourg is a financial haven of sorts, ranking as the 2nd richest country in the world and a magnet for private banking. The country recently opened the Luxembourg Freeport for tax-free storage and trading of valuables. Christian Bodt, CEO of CoinPlus, said:

“We are aware that there are still a number of steps to take before reaching the Grail, but we are optimistic and foresee another funding round in 2014. The choice of Luxembourg was obvious to us. The country offers state-of-the-art technical and administrative infrastructures, providers at the forefront of technology, the proximity of the government and great open-mindedness. The Luxembourg market is also a safe bet for all the players in the financial world.”

Bodt became interested in Bitcoin back in 2010 and says that he has taken leading roles in the Bitcoin communities in London and Paris.