THELOGICALINDIAN - Many retail food would like to acceptable the added business that the crypto association brings but acquisition that they dont accept the adequacy to do so aural their absolute acquittal basement One aggregation bridging this gap is Slovenian startup Eligma which is now set to alpha all-around amplification with an beverage of banknote from Bitcoincom and Pangea Blockchain Fund
Also Read: What Makes Slovenia a Cryptocurrency Leader – Bitcoin.com Mini-Documentary
Eligma Raises €4 Million For Global Expansion
Eligma has appear it’s afresh completed a new allotment round, bringing the absolute advance to €4 actor ($4.39M) with accord from Bitcoin.com and Pangea Blockchain Fund. The aggregation is the developer of Elipay, an basement for accepting crypto payments at brick-and-mortar as able-bodied as online shops area merchants can accept adjustment in bounded authorization currency.
Since starting out with a accessible crowdsale in 2024, Eligma has accustomed added than 450 locations in Slovenia, Croatia and Turkey accepting crypto on a circadian basis. The new bang of basic will advice the aggregation aggrandize its casework to added markets about the apple area merchants ambition to add abutment for crypto payments at the point-of-sale.
“On a circadian basis, we are actuality contacted by merchants and companies from assorted countries area cryptocurrencies already represent an important another to the bounded bill or authorization in general. This is not alone an important acceptance of all our adamantine assignment and persistence, but is additionally affidavit of the applied account of our account and solutions. We are appreciative to accept aloft the absorption of Bitcoin.com and Pangea Blockchain Fund, whose advance acutely reflects their acceptance that our solutions accept all-around bazaar potential,” declared Eligma CEO Dejan Roljic.
Pangea Blockchain Fund is an advance close absorption on alms bookish and banking basic to aboriginal date blockchain companies. It invests in entrepreneurs committed to architecture blockchain solutions that agitate or transform the cachet quo. The close secured $22 actor in a berry annular in February 2019 from a accumulation of investors including Copernicus Asset Management SA, a Switzerland-based banking casework group, and Bitcoin.com Executive Chairman Roger Ver.
Empowering Merchants to Accept Cryptocurrencies
Elipay helps businesses acquire cryptocurrencies as acquittal in a way that they are accustomed with, after actuality apparent to the animation of the crypto markets or to the authoritative and tax ambiguity that currently exists back accepting crypto in abounding countries. The account is already acclimated by hotels, shops, restaurants, sports accessories and a ambit of account providers, including for flight tickets, auto rides and car rentals. It is additionally conspicuously accustomed by 14 supermarkets from one of Slovenia’s better grocery abundance chains Tus, with added than 20,000 articles on offer.
On the client side, the arcade action is advised to be acutely simple. The user aloof scans the acquirement QR cipher with a crypto wallet, selects the cryptocurrency and confirms the transaction. Currently, the accurate locations can serve added than 20,000 users of the Elipay app as able-bodied as the 4 actor users of the Bitcoin.com Wallet. The aggregation additionally affairs to accessible up its basement for added crypto wallets soon.
The Elipay account offered by Eligma is accessible for Android and iOS adaptable devices. It supports cryptocurrencies like ETH, BCH, BTC, and the company’s built-in token, ELI. Users of the Elipay app accept up to 2% of ELI tokens aback for every purchase, and can absorb these on added arcade at any of the Elipay locations. According to a contempo blog post by the CEO of Eligma, afterward the new investment, the ELI badge will be chip into the Bitcoin.com Wallet and will be listed on the new Bitcoin.com Exchange. The badge will additionally about-face from the Ethereum blockchain to the Bitcoin Cash blockchain.
“The development of accounts is activity appear banknote acceptable a affair of the past. Among added things, this is because accomplishing business with it is absolutely time-consuming and expensive. On the added hand, one of the capital problems with cryptocurrencies is that the acceptance of affairs can booty several account if not more, which is unacceptable in circadian shopping. Eligma finer apparent this botheration with Elipay, which enables burning crypto transactions; furthermore, the merchant receives adjustment in bounded authorization and is appropriately safe from crypto volatility. This makes the use of cryptocurrencies quick and able for circadian use. We charge not balloon that cryptocurrencies were envisioned as the cyberbanking banknote of the future,“ commented Roljic.
The Slovenian Success Story
Beyond allotment bounded businesses in their home bazaar to acquire cryptocurrency payments, Eligma has abundantly helped put Slovenia on the map for abounding crypto entrepreneurs and developers. The country is now a all-around baton in the cardinal of brick-and-mortar shops and account providers accepting authorization and crypto. In fact, with a citizenry of aloof 2 actor people, Slovenia now contains added retail locations accepting bitcoin banknote payments than the United States. A contempo short documentary on Bitcoin.com’s Youtube approach accent the advancing cryptocurrency ecosystem in Slovenia.
Elipay has additionally enabled the conception of Bitcoin City, a behemothic arcade basic with over 500 shops area abounding acquire crypto payments in the Slovenian basic of Ljubljana. This bartering centermost is frequented by 21 actor visitors a year and appearance the world’s accomplished absorption of shops accepting crypto in one location. Eligma appear it now affairs to aggrandize this abstraction to added cities about the world.
What do you anticipate about the €4 actor advance in crypto payments startup Eligma by Bitcoin.com and Pangea Blockchain Fund? Share your thoughts in the comments area below.
Images address of Eligma.
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