The Spanish bank Bankinter invests in Coinffeine

Foto firma Bankinter - Coinffeine

Good news for Coinffeine today!

The Spanish bank Bankinter has invested in the capital of Coinffeine, through the Bankinter Innovation Fundation. With this movement, Bankinter becomes one of the first banks in the world dealing with Bitcoin ecosystem.

Funded last June by Alberto, Ximo, Álvaro y Sebastián, four Spanish engineers as the first company in the world using Bitcoin as social capital, Coinffeine is developing a distributed platform to exchange FIAT by crypto-currencies in a secure and anonymous way, using your own bank account for sending FIAT money and transferring the bitcoins outside the bank, in a pure P2P way.

Coinffeine is a desktop application ‘like Bittorrent for your bitcoins’ and will be launched the next January. The big innovation here is the Coinffeine protocol, a mathematical model based on Game Theory. This protocol ensures the safety in the FIAT-Bitcoin exchange without a trusted third party and in a automatically way, offering the same experience as a traditional exchange thought the transactions are really P2P.

Bankinter Innovation Foundation invest in products and services that relate to its business ecosystem and, when possible, wants to be a first friendly early-adopter customer that helps the startup to develop. In the case of Coinffeine, they are working on finding the best collaboration framework to make it happen.

Coinffeine has been selected among the 12 most innovative startups in Spain at the to be presented this week at the Silicon Valley Forum in San Francisco.

The launch of our platform is imminent, and this will motivate us even more to continue our passionate work to develop new aspects of our pioneer project.



The Spanish bank Bankinter invests in Coinffeine