Coinplug Raises $5 Million, Will Launch New Products Soon


Coinplug, the South Korea and Silicon Valley based bitcoin company has recently closed its Series B fundraising round. The company has managed to raise $5 million in investment from a group of investment firms led by SBI Investment.

According to reports, with the latest investment Coinplug has so far raised a total of $8.3 million in funding. The company is one of the leading bitcoin services provider in South Korea. Coinplug specializes in bitcoin exchange platforms like bitcoin exchange marketplace, wallet services, Point of Sale (POS) applications and more. Along with APIs for its services, some of the other bitcoin related products by the company includes bitcoin giftcards, Coingift – bitcoin ecommerce portal, bitcoin debit cards and more.

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Coinplug’s approach

Read more ... source: TheBitcoinNews