$3 million invested in UK’s new blockchain and cryptocurrency developing company

The investment is already one of the largest for such company in the United Kingdom
20 February 2018   668

COSIMO Ventures has made a seed investment of $3 million in Oneiro Ltd., with the latter based in Dublin and the former - both in Boston and Dublin. Oneiro is a player in UK’s arena of blockchain and cryptocurrency developing companies. This company is set to develop solutions that concern secure and dependable virtual currency. The firm uses blockchain technology to design a global cryptocurrency that is capable of storing value for a long perspective.

On the other hand, COSIMO Ventures has built its reputation around investing into promising technological startups with the intention of using their potential and turning them into global leaders. It has a vast experience in building strong partnerships and patronage over new companies across UK and US.

We’ve built a team of experienced professionals with a wealth of experience across many different segments and markets. Our innovations in the cryptocurrency space will leverage best practices and lessons learned from the markets.

 

Ken Lang

CTO of COSIMO

As for the investment into Oneiro, part of its core development team will be based in Dublin and COSIMO will help build an operating headquarters in Boston. The investment firm itself has offices in the same 2 cities.

We believe that Oneiro will bring the potential of the cryptocurrency market into a completely new realm as the acceptance, and use, of digital currencies becomes more mainstream. We are impressed by the experience and forward thinking of the team at Oneiro. This is one of the most exciting projects we've seen, and we’re pleased to support them as part of COSIMO’s investment strategy to offer unique technology solutions for the commercial markets.

 

Ciaran Hynes

Managing Partner at COSIMO Ventures

Santander to Deny XRP Token Usage Info

It turned out that bank uses xCurrent in One Pay FX instead of XRP token for international payments, as it stated earlier
25 March 2019   71

Santander, a large Spanish bank, in its Twitter spread incorrect information about cooperation with Ripple.

And although the majority of cryptocurrency holders reacted positively to the statement of Santander, some of them drew attention to the fact that this news had no effect on the growth of XRP trading volume.

It soon became clear that the bank provided incorrect information.

xCurrent allows Ripple customers to make payments using Fiat as well as digital currencies. A similar product, the operations in which are carried out using XRP cryptocurrency, is called xRapid.

Despite the official apology, some commentators suspected the bank of manipulating the market.