Coinffeine attracts interest in Wall Street

Wall Street
Photo: Mike Czumak, CC BY-SA 2.0 (Image crop)

We are now back from New York, and our journey has been full of interesting encounters in which we could re-confirm the great interest Coinffeine awakes in the USA. During these days we were also pleased to see the interest from NY venture capital to know more about our protocol.

In a way it is not a surprise. Even if Coinffeine was born as a market to buy and sell bitcoins in a distributed way, its potential to become the first decentralized market for financial products has also attracted interest on Wall Street.

During the first days of our stay, Alberto attended the market accelerator program organized by VentureOutNY. There we had the opportunity to participate in an attractive Investor Round Robin with the leading venture capital funds of the city. In addition, we attempted to get the most out of the inspiring work sessions and workshops we were attending. We got to learn a lot about the reality of this enchanting city, essential stepping-stone in the world of Fintech.

After these first intense days, we made our own schedule. The up front work to organize meetings that we did not want to miss was very useful, but once there we had to rearrange our schedule to accommodate many more.

As we like to do whenever we travel to a new city, we prioritized meetings with the local Bitcoin community. We were able to meet almost the entire Bitcoin industry based in New York, which is something that serves as inspiration, learning and always motivates new synergies.

Being in the Big Apple as a Bitcoin start-up, the BitLicense is an inevitable and recurring theme. Coinffeine were interested in getting first-hand knowledge of the entire process and therefore we organized meetings with the regulators. We hope that by properly understanding the vision of the regulators in NY, it will allow us to move forward with political parties and experts on the regulation of Bitcoin in Spain.

Back in Madrid, we bring all this learning, stimulating encounters and valuable contacts. Most importantly, however, we are more eager than ever that Coinffeine continues this path. A path that we are building step by step.

Definitely, it has been a new breath of inspiration that will motivate us to continue programming.

Coinffeine attracts interest in Wall Street

Coinffeine opens 2015 in New York

New York
Photo: Roman Iakoubtchik,CC BY-SA 2.0, (Not changes made)

We begin 2015 crossing the Atlantic Ocean again. This time Coinffeine‘s destination is New York, where we will participate in a market accelerator program organized by VentureOutNY.

From January 10th and for the next ten days, our CEO Alberto will be in the Big Apple, a city that serves as an important stepping stone in the world of Fintech. The timing for this trip could not be better for Coinffeine. We are working to close the investments of our Serie A, and Manhattan may just be the perfect place to attract interest from new investors. It is a great opportunity to show the potential of Coinffeine´s protocol as a framework for traditional banking and the future that Bitcoin brings to the world of finance and financial institutions.

On our recent trip to San Francisco we learnt, among many other things, how to move in the US market. Coinffeine will use all the experiences from our last trip to increase our network in the US and seek to extend our funding.

The VentureOutNY program will present us to acceleration programs and venture investors in the city, as well as the training required to meet the specific market characteristics of New York through workshops and networking.

New York is known as the city that never sleeps, and it seems like Alberto have to conform to that. It will be a trip with a busy schedule of meetings with investors, banks and Bitcoin ecosystem companies. We also hope to have meetings with the local Bitcoin community in order to deepen their reality, share experiences and create synergies.

Again, we are proud to participate in this programme. It is surely an incredible experience for a Spanish Bitcoin startup. We hope the Big Apple is where Coinffeine gets the momentum to break into the American market.

Coinffeine opens 2015 in New York

Coinffeine breaks new ground in Silicon Valley

San Francisco
Photo: Mike Behnken, CC BY-ND 2.0 (Not changes made)

A few months ago we were selected by the Spain Tech Center (STC), as one of twelve Spanish companies with the greatest growth potential, to participate in the Immersion Program in Silicon Valley. This pioneer program aims to strenghten internationalization of Spanish tech companies by organizing a trip to Silicon Valley, the global epicenter of innovation and technology.

It is undeniable that Bitcoin has made its mark in this Californian valley, so to Coinffeine this has been a great opportunity that we wanted to get the most out of as possible.

Alberto, our CEO, stuffed his suitcase with the motivation that characterizes him and a strong desire to learn from this experience. When he touched the ground on Monday 10th of November, there was not even time for jet lag. Ahead he had two weeks with an intense and busy schedule: mentoring sessions, workshops, company visits and presentations to international investors.

So far, leading companies in the Bitcoin ecosystem, such as Ripple Inc, have been able to learn about Coinffeine. We have also had the opportunity to introduce our company to respected investors, VC´s, corporate venture partners and Angels. Spain Tech Center, RocketSpace, Silicon Valley Forum and the California Spain Chamber of Commerce have been some of the scenarios in which Alberto has been sharing experiences and had inspiring and productive conversations.

During these days, the feeling of empathy with fellow bitcoiners has been constant. Before our departure for Spain, we made a firm proposition to establish contact with the Bitcoin community in San Francisco. We have, without a doubt, felt more included than we ever could have imagined. Many important Bitcoin companies wanted to know more about us, and one of Alberto’s most successful pitches was one that he improvised in a Bitcoin meetup. The attendants understood the tremendous effort that has gone into developing such a technology in a country where entrepreneurship is not easy, and where the national banks are considered among the most important in the world.

The news of Bankinter’s investment in Coinfeine was made public during our stay, and has been a key element to make us noticed. We are proud to have managed to transmit our firm belief that the technology we are developing is a perfect bridge between the banks and the Bitcoin ecosystem, and that we are creating a product that is satisfying to both sides.

Another goal we have accopmplished was to meet with payment processors and banks such as Bank of America and Standard Chartered Bank. Our main intention with these meetings was to learn more about their needs and interests, in order to offer better services to our actual partners in the future.

Back in Madrid, Alberto brings back a suitcase bursting with even more motivation to make Coinffeine grow and tonnes of new knowledge. It has been an unique experience sprung out of breathing San Francisco’s air of innovation.

A breath of fresh air that will undoubtedly help us to continue programming.

Coinffeine breaks new ground in Silicon Valley

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