• Sun, 08 Dec 2019, 04:45 AM
  • All times are UTC
  • Edition:
Copy link
Increase text size
Decrease text size
Link copied

Crypto wallet startup Bitski secures $1.8M from Winklevoss Capital, Coinbase and others

Image: Bitski

Thu, 14 Nov 2019, 04:34 am UTC

Digital wallet startup Bitski has raised $1.8M in a seed round from prominent names in the crypto industry including Galaxy Digital, Winklevoss Capital, and Coinbase.

The round was also participated by Kindred Ventures, SV Angel, Animoca Brands, Signia Ventures, Bobby Goodlatte and others. It brings Bitski’s total funding to $3.5 million to date.

Bitski came out of stealth in November 2018 and announced the developer beta release of its single sign-on crypto wallet platform, TechCrunch reported.

In a press release, the startup said that more than 300 apps have been created on its platform in the past 12 months. and growing daily. This includes partners like The Sandbox, a content and gaming platform; mobile game Clementine; Props, a project started by live streaming app YouNow; and an ethereum-powered sports betting site SportX.

“There are a lot of projects out there that are interesting to the core crypto users but we’re trying to work on things that have broad mainstream appeal,” Bitski co-founder and CEO Donnie Dinch told CoinDesk, adding that the company’s early focus has been on gaming.

Whenever these apps require a user’s identity or to conduct a payment transaction, a Bitski authorization screen appears, where users can give permission to access their ID, send money or receive items. This basically means that users will be required to sign up just once with Bitski and do not have to type in long private keys anymore.

“Bitski’s developer platform allows developers to easily provide their users with a secure and usable wallet, eliminating the friction of customer onboarding that has previously hampered blockchain applications and user adoption. We’re excited for Bitski to help catalyze the next wave of companies integrating blockchain into their products,” Sterling Witzke, Partner, Winklevoss Capital, said.

Bitski said that it will continue building out its platform of developer tools over the forthcoming months.

“We’re using this money to expand the funnel of people that are building on blockchain,” Dinch added.

TokenPost | [email protected]

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
  • Bitcoin (BTC) $7,485.41 (-1.11%)
  • Ethereum (ETH) $148.70 (-0.65%)
  • XRP (XRP) $0.224600 (+0.84%)
  • Bitcoin Cash (BCH) $212.07 (-1.21%)
  • Litecoin (LTC) $45.56 (-0.59%)
  • Bitcoin (BTC) $7,485.41 (-1.11%)
Dec 6, 2019 (Friday)
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
Crypto Technicals: LTC/USD extends sideways, finds strong support at 42.45 (Trendline)
South Korean consortium to provide blockchain-based ID services via mobile app in 2020
Crypto Technicals: BCH/USD intraday bias turns slightly bullish, scope for test of 20-DMA (220.99)
Bitfury launches enterprise blockchain platform ‘Exonum Enterprise’
CULedger reveals an EFT payment solution for credit unions in collaboration with R3, Luxoft
Reserve Bank of India governor against the development of private digital currencies
Ripple asks court to dismiss XRP securities lawsuit in latest filing ahead of court meeting
Crypto Technicals: ETH/USD struggles to extend recovery, finds stiff resistance at 200H MA at 149.77
Blockchain firm Figure Technologies hits $1.2B valuation after closing $103M Series C round
Blockchain firm ChromaWay acquires Antler Interactive after setting up its gaming arm Chroma Studios
Galaxy Digital-backed Flipside Crypto hires Accenture Managing Director Matt Bridges as COO
Crypto Technicals: BTC/USD rangebound in the Asian session, struggles at 200H MA
Canadian mining firm goes belly up; Owes local, federal government hundreds of thousands
New crypto derivatives trading platform Phemex can manage 300,000 TPS, says core developer
Microsoft creates blockchain-based incentive scheme with Enjin to recognize active members of Azure community
Dec 5, 2019 (Thursday)
Dunamu’s crypto subsidiary DXM partners with Ledger to launch custody service for institutional clients
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.