September 22, 2020

Eligma Startup Raises $ 4.4 Million From Roger Vera And Pangea Blockchain

Eligma Startup Raises $ 4.4 Million From Roger Vera And Pangea Blockchain

Eligma, a cryptocurrency startup from Slovenia, raised 4 million euros (~ $ 4.4 million) from Bitcoin.Com, which owned by investor Roger Ver, and venture capital firm Pangea Blockchain Fund.

Eligma founder and CEO Dejan Rolich said that over the past 16 months, the company's valuation has doubled.

Interestingly, the Pangea Blockchain Fund is supported by Vera himself, who invested $ 22 million in it at the beginning of this year. Ver also joined Eligma as a member of the board.

Eligma is developing a payment network onblockchain to simplify the process of transfers. It provides an opportunity to carry out crypto-fiat conversion in real time with the possible withdrawal of money in fiat.

The company uses the Eli token for payments. According to Rolich, the Eli tokens originally issued for the ethereum blockchain will go to the BCH blockchain. Tokens will also be integrated into the Bitcoin.com wallet and can later be renamed the GoCrypto token (GOC). The ticker will also be added to the new Bitcoin.com exchange.