14/01/19 08:00 UTC-4

Monerium Startup received support from ConsenSys in the amount of 2 million dollars

OtherMonerium has raised $ 2 million
Monerium has raised $ 2 million

Monerium start-up blockchainBlockchain
is a continuous and sequential block chain of information (digital linked list). When building a blockchain, copies of related blocks are simultaneously stored on multiple computers.Details
closed the start round of funding in the amount of $ 2 million, led by Crowberry Capital, and with the participation of the New York software company for the blockchain ConsenSys and Hof Holdings. Monerium will use the proceeds to accelerate the development of its services – the company said.

Monerium is a startup that was founded back in 2016 and was created by Jón Helgi Egilsson, the former chairman of the Central Bank of Iceland. Currently, the company is working to create a solution that will allow interested customers to conduct operations with fixed currencies using the blockchain technology.

"Monerium has a clear vision of combining paper currency and blockchain. While working with ConsenSys shortly after the launch of Ethereum, we first identified electronic money as a key catalyst for the massive introduction of the blockchain" – explained Sveinn Valfells, CEO of Monerium.


Monerium plans

After Monerium Startup received support from ConsenSys in the amount of $ 2 million, the company plans to become a licensed financial institution to take full responsibility and control the full range of functions necessary to issue electronic money on blockchains: asset management, compliance with requirements , risk management and product development.

"Based on our extensive experience in the field of financial services and technologies, we are confident that we will be able to provide our customers with safe and efficient storage and transfer of paper money on the blockchain."


ConsenSys Investment

ConsenSys investment in Monerium is one of the first investments made by the company. Commenting on the deal with Monerium, Andrew Keese, co-founder of ConsenSys Capital, said: "ConsenSys is committed to supporting companies in building the infrastructure necessary for a more decentralized and sovereign future. The work of Monerium on the tokenizationToken
– is an accounting unit that is used to represent a digital balance in an asset.Details
of currencies across Europe is an exciting beginning, of which we are glad to be a part."

See also: "Bitmain Stops Mining-Operations in Texas"

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Editor: Yulia Krasnaya