Bitmama Completes Pre-Seed Financing Round with Investment from Adaverse
According to reports, the Web3 payment platform Bitmama has announced the completion of a pre feed round of financing, with the specific amount of financing not yet disclosed. The
According to reports, the Web3 payment platform Bitmama has announced the completion of a pre feed round of financing, with the specific amount of financing not yet disclosed. The venture incubator accelerator Adaverse, jointly established by EMURGO Africa and Everest Ventures Group, will participate in the investment. Bitmama provides a convenient channel for cryptocurrency transactions. Originally a WhatsApp community for peer-to-peer cryptocurrency transactions, it has now developed into a Web3 platform with a full range of products, including multi-currency digital wallets, peer-to-peer cryptocurrency transactions, wallet to wallet global transfers, stable currency remittances, encrypted debit cards, and more. （techpoint）
Web3 payment platform Bitmama completes pre feed round financing
In recent news, reports suggest that Bitmama, a Web3 payment platform, has completed a pre-seed round of financing. Bitmama has not disclosed the exact amount of financing received in the round. Adaverse, a venture incubator accelerator jointly established by EMURGO Africa and Everest Ventures Group, is set to participate in the investment. Bitmama currently provides a convenient channel for cryptocurrency transactions, and has developed into a Web3 platform with various product offerings.
In this article, we will examine Bitmama’s recent financing, its development into a Web3 platform, and its current offerings.
What is Bitmama?
Bitmama began as a WhatsApp community for peer-to-peer (P2P) cryptocurrency transactions. Its aim was to make cryptocurrency transactions easy, accessible, and secure for everyone. Since its inception, Bitmama has expanded its services and is now a full-fledged Web3 platform. Bitmama’s offerings include multi-currency digital wallets, P2P cryptocurrency transactions, wallet-to-wallet global transfers, stable currency remittances, encrypted debit cards, and more.
Bitmama’s Pre-Seed Financing Round
Bitmama recently completed a pre-seed financing round, with the exact amount of financing not disclosed. Adaverse, a venture incubator accelerator established jointly by EMURGO Africa and Everest Ventures Group, is participating in the round. Adaverse aims to support startups and help them scale their businesses effectively. Bitmama is poised to benefit significantly from Adaverse’s support and guidance.
Bitmama’s Development into a Web3 Platform
Bitmama’s development into a Web3 platform has been significant. Web3, also known as the decentralized web or the new internet, is an upgraded version of the internet that prioritizes data privacy and security. Bitmama recognizes the potential of Web3 and has adapted to it by creating a range of products that caters to Web3 users. Bitmama’s offerings are designed with security and privacy in mind, making it an appealing platform for users interested in Web3 and cryptocurrency.
Bitmama’s Offerings
Bitmama currently offers a range of products aimed at making cryptocurrency transactions accessible to everyone. These offerings include:
Multi-Currency Digital Wallets
Bitmama offers multi-currency digital wallets that support various cryptocurrencies, including Bitcoin, Ethereum, and Cardano. These wallets allow users to store and manage their cryptocurrency safely and securely.
P2P Cryptocurrency Transactions
Bitmama provides a platform for P2P cryptocurrency transactions, making it easy for users to buy and sell cryptocurrency without intermediaries. This service is designed to be convenient and accessible for everyone.
Wallet-to-Wallet Global Transfers
Bitmama’s wallet-to-wallet global transfers service allows users to transfer funds globally without intermediaries. This service is an excellent option for people who need to send money overseas regularly.
Stable Currency Remittances
Bitmama’s stable currency remittances service is designed to help users send money internationally with ease. This service is particularly useful for people who need to send money to countries with unstable currencies.
Encrypted Debit Cards
Bitmama’s encrypted debit cards provide users with a secure way to make purchases using cryptocurrency. These cards are safe and convenient, making them an excellent option for people who prefer to use cryptocurrency for their purchases.
Conclusion
Bitmama’s recent pre-seed financing round and development into a Web3 platform demonstrate its commitment to making cryptocurrency transactions accessible and secure for everyone. Its range of products, including multi-currency digital wallets, P2P cryptocurrency transactions, wallet-to-wallet global transfers, stable currency remittances, and encrypted debit cards, will no doubt help Bitmama stay competitive in the cryptocurrency space.
FAQs
1. What is Web3?
Web3 is an upgraded version of the internet that prioritizes data privacy and security.
2. What is Bitmama?
Bitmama is a Web3 platform that provides a range of products aimed at making cryptocurrency transactions accessible and secure for everyone.
3. What services does Bitmama offer?
Bitmama offers a range of products, including multi-currency digital wallets, P2P cryptocurrency transactions, wallet-to-wallet global transfers, stable currency remittances, and encrypted debit cards.
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