Concept.me, a regional crowdfunding platform in South America, has embraced bitcoin payments.
Though the platform makes use of a Montenegrin domain, it’s an Argentinean outfit at the moment accessible in seven South American nations.
In truth, Notion.me is the only regional crowdfunding platform in South America, according to TechCrunch.
So far, the firm has managed to raise $ 750,000 and it hopes to raise a further $ 2.4m in Series A funding next March. To date, the platform has funded more than 450 projects employing an estimated $ 2m.
Thought.me recently added bitcoin as an option to a lot more conventional payment techniques like credit cards and PayPal. Chief Operating Office Pia Giudice claimed Notion.me is currently the only crowdfunding platform in the Americas to include bitcoin help. She stated:
“Our business unit is distinctive in the world: Concept.me is the only platform that executes campaigns with multinational organizations to fund specific projects.”
To make it all occur Thought.ma makes use of BitPay, which allows it to convert bitcoins to dollars automatically. In other words, though the pledger pays in bitcoin, the project getting the funding gets the contribution in dollars.
This assists shield all parties involved in the method from bitcoin volatility and wild price tag swings. In essence, bitcoin is utilised as a money transfer car in this approach.
According to the Notion.me weblog, the organization’s selection to embrace the virtual currency was a direct outcome of bitcoin’s current surge in recognition.
Concept.me hopes its bitcoin assistance will permit much more backers to join the platform as bitcoin payments are offered for all projects listed on the platform.
It is worth pointing out that main crowdfunding platforms like Indiegogo and Kickstarter do not support bitcoin donations at this time.
Even so, they do assistance a variety of bitcoin-associated projects, such as Nio Card, a bitcoin payment card, open-source ASIC mining rigs and a variety of bitcoin related commence-ups.
Crowd Image through Shutterstock
View Bitcoin Crowdfunding Comes to South America on CoinDesk.
Bitcoin Crowdfunding Comes to South America
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