Bitcoin Custodian Elliptic Makes Final of SWIFT Startup Competition

innotribe 2015

Bitcoin custodian Elliptic has been selected to compete for a $50,000 prize in the Startup Challenge Finale at SWIFT’s Sibos conference.

Some 370 companies applied to take part in the challenge and Elliptic was one of 15 companies selected to compete in the Innotribe Startup Challenge showcase, which took place in London last week.

Elliptic was one of two finalists in the growth-stage startup category, the other being xWare42, which enables banks to give customers additional information on their bank statements about their purchases.

“We’re very pleased to have been selected as finalists. Strong interest in blockchain technology from established financial players has led to growing demand for Elliptic’s services, and and this has been recognised by the judges,” said James Smith, CEO at Elliptic, adding:

“We took part in the Innotribe Challenge in order to engage more closely with organisations such as SWIFT, and look forward to doing so further at Sibos in Singapore.”

The three finalists selected in the early-stage startup category were Pariti Technologies, which offers tools, guidance and access to low-cost loans; Revolut, which allows customers to exchange currencies at interbank rates; and Read more ... source: CoinDesk