back Back

London- based Bitstocks launches first crowdfunding campaign for Gravity

By Megha Bhattacharya

January 08, 2021

  • Bitstocks
  • UK
Share

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.

Previous Article

January 08, 2021

TrueLayer appoints Jamie Morton as the new UK Country Manager

Read More
Next Article

January 08, 2021

Citi launches first lending API partnership with Grab in APAC

Read More








IBSi Daily News Analysis

Cybersecurity, financial services

May 17, 2024

Bitstocks

Most of KSA organizations uses AI in their cybersecurity strategies, study shows

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

May 17, 2024

Confida and illimity create new capillary proximity network, Pehi

Read More

May 17, 2024

dLocal expands partnership with Deel to 12 new countries

Read More

May 17, 2024

Dwolla & Visa to enhance Pay by Bank experience for businesses

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q1 2024
Global Digital Banking Vendor & Landscape Report Q1 2024
Know More
Wealth Management & Private Banking Systems Report Q1 2024
Wealth Management & Private Banking Systems Report Q1 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023