LibertyX Gets $400k Boost, Looks to Further Expand Bitcoin ATM Operations

CoinDesk reports that LibertyX, formerly Liberty Teller, has gotten a $400,000 injection of seed funding from venture capital firm Project 11.

LibertyX specializes in the business of selling bitcoins. The company was one of the first to operate a 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 ATM in the US and has since added several in strategic locations. Seeking to make bitcoins easier to buy for the general population, they also reportedly facilitate in-person bitcoin purchases at 2,500 merchants.

The Funding Round Funding Round Startups look to raise capital can participate in a funding round. These refers to the various rounds of funding that occur upon proof of concept, customer base growth, and the probability of success. While they are various types of funding rounds, the most commonly seen in startups include the following funding rounds: Seed, Series A Fundraising, Series B Fundraising, and Series C Fundraising. In order for a funding round to take place, a valuation must be performed by analysts for the business Startups look to raise capital can participate in a funding round. These refers to the various rounds of funding that occur upon proof of concept, customer base growth, and the probability of success. While they are various types of funding rounds, the most commonly seen in startups include the following funding rounds: Seed, Series A Fundraising, Series B Fundraising, and Series C Fundraising. In order for a funding round to take place, a valuation must be performed by analysts for the business Read this Term, which was formally completed on December 22nd, will go toward hiring new talent. The startup currently has three employees including co-founder Chris Yim. They recently hired a dedicated CTO and plan on further increasing headcount during 2015.

Yim said that he believes that the Bitcoin ATM industry is headed toward a consolidation, whereby fewer players will be operating more ATMs. Thus, he anticipates more funding rounds in the industry as operators look to graduate from managing just a few machines to large-scale ATM operations.

An SEC filing indicates that the company is registered under the name Moon Inc.

For a detailed list of recent investment and M&A activity in the crypto industry, please visit the DC Magnates Crypto Deal Table.