THELOGICALINDIAN - Swedish bitcoin barter and casework provider Safello has bankrupt arecent annular of allotment beyond their ambition of293K USD and adopting a absolute of 299987 USD from 96 investors The allotment annular shines a ablaze on what to apprehend abutting from the startup which has big aspirations to shakeup the bitcoin space
As already reported, Safello was adopting funds to advice accompany character to their platform. Safello’s angle is that they are “building the coffer of the approaching on top of blockchain technology.” Safello is attempting to reinvent their account by abacus character as a band on top of the bitcoin blockchain.
As allotment of the allotment round, Safello says that they are activity to be authoritative huge changes to their belvedere in adjustment to ability their ultimate goal. Moving above actuality a bitcoin barter (acting as a brokerage), Safello is activity to be phasing out their SaaS archetypal and starting an AppStore model.
The AppStore will be a acquirement administration archetypal with third-party casework in adjustment to accept a complete and able-bodied belvedere for their new “transaction browser.” The transaction browser will accommodate a transaction beck of advice area the user will accept recommendations based on their acquirement history. Users that will be authoritative a acquittal will see it in their home bill of sterling, the almsman sees it in euros, but the basal transaction goes through bitcoin. On top of the transaction browser and AppStore will sit APIs for developers to tap into the data.
A key basic of the success of this archetypal will be social integration. By abacus character as a additional layer it will actualize an easier to accept acquaintance that added bodies are acclimatized to; anticipate of Facebook and Spotify but for your bitcoin wallet.
Safello is additionally alive on a built-in wallet appliance as allotment of their apartment of services. In accession to acknowledging bitcoin, the Safello wallet includes affairs to barrage abutment for ethereum as well.
Safello CEO and architect Frank Schuil said about the wallet,
Later this year Safello affairs to appoint added agents and do a Series A cardinal allotment round. Some key investors already accept been Erik Voorhees of Shapeshift, Nicolas Cary of Blockchain, administrator and broker Roger Ver, Barry Silbert of DCG, and others.
