Outlining the promising future of Coinffeine

Photo: Reynermedia, CC BY 2.0, (Not changes made)

Just a year ago now, Coinffeine was one of the Bitcoin startups selected to participate in the CoinSummit in London. It was the first major international event in which we presented our proposal for a distributed Bitcoin exchange. This was shortly after we became the worlds first company to be established with bitcoins. Months later we had the opportunity to travel to Silicon Valley, being selected by the ICEX to participate in the first STC Immersion program. That trip coincided with the news that Bankinter invested in Coinffeine, becoming the first bank in the world to invest in a Bitcoin company. We returned to the United States, this time to New York, earlier this 2015. At that time Coinffeine was selected by the VentureOutNY to participate in its acceleration program. Days earlier, Coinffeine had organized a meetup in Madrid that launched the private testing of our Trial version. This week, just few days away from the release of our Beta in 70 countries, Coinffeine has once again been selected, along with four other Fintech startups, to participate in Finnovista Pitch Day, held in Madrid.

Alberto, our CEO, picked up the microphone once again to present Coinffeine to an audience of investors and financial industry professionals. And we will not deny that presenting at home and in Spanish, makes it all more real, closer and more unique. To be the first distributed P2P exchange that enables to buy and sell bitcoins is a milestone in the ecosystem. But not less important is the fact that Coinffeine is about to enter, from day one, in 70 countries. Our commitment to peer-to-peer technology was something highly valued in the event. It offers a replicable business model, and it makes an international expansion totally unknown in the Bitcoin industry a reality.

We understand these events as recognition of the work we do on a daily basis and a strong belief in our company. The direct contact with investors, mentors, personalities from the financial industry and other entrepreneurs, such as PayThunder, have accompanied the development of Coinffeine as a company and have helped us with feedback to outline Coinffeine’s future. A future that we believe is viewed as very promising by many.

One of the mentors of Finnovista Pitch Day was Antonio Herráiz Molina, who currently works as Director of Financial Innovation and Technology at the Instituto de Estudios Bursátiles (IEB) and BBVA (Digital Innovation Bank). Herráiz have said that Coinffeine “will soon become one of the Bitcoin startups of global benchmark. Its decentralized, open and secure technology means it has all the ingredients to become the reference exchange for bitcoins in several countries”.

You can have a look at Alberto’s presentation.

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Outlining the promising future of Coinffeine

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