Coinapult gaining prominence as it secures 775k in venture funding

Coinapult is getting $775,000 in venture funding, led by FirstMark Capital. The "mainstream" firm has investments in 51 companies, including Pinterest, Shopify and Riot Games.

Other figures in the Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term community have also contributed, including Barry Silbert's Bitcoin Opportunity Corp.

According to its website, the company offers a bitcoin wallet with enterprise-grade security. Its "Lock" offering shelters bitcoin holders from price Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders Read this Term by locking holdings "to stable assets like Gold or USD."

There's also a merchant offering, for which the company says it charges absolutely no fees. The site says that each merchant is offered a dedicated account manager. The question does arise how and when the company will turn a profit based on its current business model.

Coinapult has come out of relative obscurity, getting its name out there with sponsorships of "Bit Drop" and Blockstock. The sizeable investment separates the venture from the myriad of wallet services out there, placing it in the company of well known names.

Indeed, Silbert believes they have a unique offering:

"Coinapult has a great team, and they think differently. Their focus is on increasing Bitcoin adoption and lowering barriers to entry; theirs will be an important contribution in this emerging economy."

The company is officially headquartered in Panama.