By Hassan Mehmood (Saudi Arabia)
Eligma, the digital payments infrastructure startup announced on Monday claiming that €4 million (almost $4.4 million) has been raised from capital Venture Company Pangea and Roger Ver’s bitcoin.com.
Dejan Roljic, the CEO of Eligma remarked at the time of announcement that the platform has “doubled the valuation” since the time of its launching. It is important to pin down here that Pangea is also backed by Roger Ver who had invested almost $22 million in the project at the start of the year.
Elipay, a payments Solution Provider
Eligma is striving from 2018 to provide the crypto traders an efficient way to accept payments through cryptocurrencies. This project is based on the blockchain technology and has already a payment solution provider in crypto and fiat currencies called Elipay using the concept of “point of sale (PoS)”.
The company is now expanding its horizons as it was functional only in its native region at the time of launching and created a network by making collaboration with native firms in Slovenia. After a successful response, they are now spreading the wings globally as this latest collaboration is one example of this.
Also read:Dejan Roljic, the CEO of Eligma expressed his motive on the payment infrastructure:
Eligma effectively solved this problem with Elipay, which enables instant crypto transactions; furthermore, the merchant receives settlement in local fiat and is thus safe from crypto volatility. This makes the use of cryptocurrencies quick and effective for daily use. We must not forget that cryptocurrencies were envisioned as the electronic cash of the future.
Utility Token Eli for payments
The firm has also issued the native token named Eli for payments that was initially listed on the Ethereum blockchain but now it is moving onto the blockchain of Bitcoin Cash (BCH) due to latest funding according to the CEO. He also said that the token will be renamed as GoCrypto (GOC) token and will be linked to the wallet on bitcoin.com.
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