Fundraising and seed rounds continued today with Marq Vision, Bits Crypto and Galoy Money. Reports show that Brazil could be on the path to approving a new cryptocurrency-focused law. Crypto appears t...
Tag: Galoy
Galoy Launches BTC-Backed Synthetic USD, Hedging Volatility Surprises in Bitcoin
On Wednesday, Galoy, a California-based payment solutions platform that offers lightning as a retail payment system, announced the launch of Stablesats, a Bitcoin-backed synthetic U.S. dollar product ...
Galoy Introduces Bitcoin-backed Synthetic Dollar Pegged to USD
9 hours ago | 2 mins read Bitcoin News Galoy also announced a $4 million capital raising to support the development. Stablesats’ source code may be seen on GitHub and on a dedicated website. The Light...
Galoy, a fintech firm, raises $4 million
The broadening scope of fintech has attracted various big companies to this domain. The latest in this regard is banking platform Galoy which has planned to launch Bitcoin-backed synthetic dollar on t...
Fintech Firm Galoy Raises $4 Million, Startup Introduces Bitcoin-Backed Synthetic Dollar Product – Bitcoin News
On Wednesday, Galoy, the firm behind El Salvador’s Bitcoin Beach Wallet, announced that the company raised $4 million in funding in an investment round led by Hivemind Ventures. On the same day, the s...
Galoy Launches “Stablesats” Bringing US Dollar Balances to Lightning Network
Galoy – an open-source Bitcoin banking platform – has introduced a new feature allowing individuals to hold U.S. dollar balances over Bitcoin’s lightning network. However, unlike other attempts to bri...
Banking Platform Galoy Raises $4M for Bitcoin-Backed Synthetic Dollar
“Bitcoin has brought digital transactions to previously unbanked communities across Latin America, Africa and beyond,” said Galoy CEO Nicolas Burtey in a press release. “However, its volatility makes ...