Slovenian blockchain company Eligma announced it received a €4mn investment from the Swiss Pangea Blockchain Fund and Bitcoin.com to finance its expansion in the global market.
One of the aims of the company is to make cryptocurrencies part of daily life and shopping. For this reason it has produced Elipay, an infrastructure for accepting crypto payments in Bitcoin Cash, ELI, Bitcoin and Ether.
“This is an important recognition for our vision and a strong incentive to work even harder to become global facilitators of seamless and secure crypto payments,” Eligma said in a statement on August 30.
The investment is aimed at helping Elipay expand beyond its current markets of Slovenia and Croatia, where more than 430 businesses now accept crypto currencies on a daily basis.
The current list of Elipay locations can serve more than 20,000 users of the Elipay app, along with some 4mn users of the Bitcoin.com Wallet, with other crypto wallets expected to join the system soon.