Slovenian startup Eligma has snapped up €4 million in a round led by Roger Ver through Bitcoin.com, with a valuation of around €50 million.
Founded in 2017, Eligma creates payment infrastructures for accepting instant crypto payments at local and online stores, through its crypto payment network called Go Crypto. The company’s aim is to become a global facilitator of seamless and secure crypto payments, and wants to make an impact on how the world perceives value.
This approach has made it possible for Eligma to connect with the largest processors in the world and, through partnerships, offer a unique combined solution of processing any payments (card payments, other digital payments and of course crypto payments). Their goal now is to revolutionise the payment experience in offline retail, where any additional hardware will no longer be required.
Eligma stated in their press release: “With the ability to process any kind of payment, we can now also start setting up a tokenomics model that is not only connected to crypto payments, but also to various traditional payments (except cash). In this way, we could convert a part of the card and digital payment fees into the GoC token and thus achieve a transition of traditional money into crypto. More on this topic will be revealed in the upcoming weeks. We are keeping our mission alive now more than ever by putting crypto payments on par with traditional card payments.”
The startup goes on to explain that this new holistic technology is hoped to bring the world of payments to a whole new level, where shoppers will be able to use diverse fast (and often contactless) payment methods, and where merchants can benefit from a smooth and effortless sales process regardless of how the customer selects to pay, using an all-in-one solution.