London- based Bitstocks launches first crowdfunding campaign for Gravity

By Megha Bhattacharya

London-based FinTech Bitstocks today announced the public launch of its first-ever crowdfunding campaign in a bid to advance the development of their bitcoin financial ecosystem, Gravity. Bitstocks stated that Gravity will offer a proof of solvency feature, the ability to transact in global micro payments, and perform online payments with the privacy qualities of cash.

Michael Hudson, CEO, said, “We’ve seen a huge surge of activity on Gravity since October – transaction volumes were up 50% MoM in November, and again almost 39% MoM in December. We’ve also had a fantastic response to our referral programme, Gravity Introducers – which allows customers to earn a percentage of the transaction fees from anyone they introduce with their unique link, for life.”

According to Bitstocks, the first three days of the CrowdCube investment has captured the interest of backers in both the cryptocurrency and FinTech industries.

Recently, Bitstocks secured a new licensing through the Financial Conduct Authority (FCA) for its banking platform Gravity. The new license is expected to allow the company to offer a comprehensive range of everyday banking services backed by Bitcoin SV. It is currently listed as an EMD Agent of Modulr Finance on the FCA’s online register.

“Our whole message as a company from the beginning has been one of individual sovereignty; we’re actively embracing transparency and building new financial infrastructure on top of the blockchain. We want to be engaged with our community and to each be vested in each other’s success. Gravity is by the people, for the people.”

Established in 2014, Bitstocks is a London-based firm providing expertise to help customers secure and grow their wealth through bitcoin. In 2019, it launched its first iteration of Gravity, an ecosystem to provide a host of everyday financial products and services, backed by the power and scale of the Bitcoin Satoshi Vision network.