Libra raises $7.8 Million

Blockchain startup Libra has raised $7.8 million in a new series A funding round
27 November 2017   1277

Libra designs cryptocurrency and blockchain-oriented accounting and tax software, and the new funds will be invested in the development of Libra Enterprise Platform, the startup stated.

According to Libra, funds came from such investors as VC firm Liberty City Ventures, cryptocurrency market maker XBTO, Lee Linden, a former employee of Facebook and unnamed family office based in Europe.

In 2014, New York-based, seed-stage investment fund Liberty City Ventures led a seed round where Libra has raised $500,000.

Libra's vision is to be the premier provider of next-generation accounting, audit, and tax software and data services for the blockchain and cryptocurrency industry.


Jake Benson

CEO, Libra

Recently, the company has taken an interest in the enterprise-level market, developing tools that are aimed in part at exchanges and other trading-oriented companies.

Wirex to Issue 26 Stablecoins on XLM Blockchain

Wirex chosen Stellar blockchain because company considers it safe, easily scalable and relatively inexpensive to use
25 April 2019   88

British online banking platform Wirex has announced the listing for the XLM token, as well as the release of 26 stablecoins on the Stellar blockchain, pegged to fiat currencies, including USD, EUR, GBP, HKD and SGD.

Prior to this, Wirex card supported eight digital assets and ten fiat currencies.

In addition, Wirex added the ability to instantly convert steablecoins to each other at over-the-counter rates.

As the company expects, new assets will be used for money transfers, issue and redemption of tokens, as well as for payments for services.

The choice of Wirex fell on the Stellar blockchain, as the company considers it safe, easily scalable and relatively inexpensive to use.

Last year Wirex became the third company in a row that received a license to provide services in the UK and Europe.