In the last few years, there’s been a boom in the number of cryptocurrency startups. They’ve grown at a breakneck pace and have gained massive recognition. Some of them are huge names now.
A lot of cryptocurrency startups started to come around in 2016. Most of these startups are for-profit and work in payment processing, software and financial services.
This is also not going to sound weak, but many cryptocurrency startups are also destined to fail, just like many small business startups. They are not any different from those and come with huge risks involved.
De facto, several banks don’t even let the companies dealing in cryptocurrency open an account with them.
But none of these has stopped new startups to emerge every day. It’s time actually to get started with setting up new cryptocurrency companies and trading platforms like bitcoinprime.io. The future is bright and promising. There are a lot of favorable chances for the investors too to test their faith in cryptocurrencies and Blockchain.
Let’s take a look at the top 10 cryptocurrency startups.
1. Blockchain
Based out in England and founded by Nicolas Cary, Peter Smith and Ben Revees, Blockchain is a web platform that provides access to individuals and businesses for a simplified, secure and efficient way of buying and using cryptocurrencies. The platform has received support from world-famous crypto investors like Lightspeed Venture Partners and Google Ventures.
2. Cobo
Led by Discus Fish, Chinese pioneer, Cobo is a cryptocurrency startup which is mainly a wallet service and supports different kinds of coins. The users can grow their currency through PoS mining with Cobo.
Cobo Vault is also an important product which can store your cryptocurrency and secures it from attacks. It keeps the cryptocurrency so secure that it also comes with the self-destruct feature that will automatically wipe away all your keys in case someone gets access to them.
3. Bitwala
Located in Berlin, Bitwala was founded by Benjamin Jones and Jorg Von Mikwitz with only one mission of disrupting the traditional banking sector. This disturbance would result in single account creation. The account would simplify the transition between cryptocurrency and fiat worlds.
Bitwala gives an official bank account to its customers that come with an in-built bitcoin wallet for secure coin storage. It also provides a debit card for daily transactions.
4. Javvy
This startup has taken up the formidable challenge to beat and replace all the other cryptocurrency wallets and exchanges. They’re coming up with a universal wallet that would support all the decentralized exchange and cryptocurrencies.
Javvy is connected with many exchanges and frees the customers from having to open several accounts with various exchanges. They also create Javvy Utility Token that can give the users a 50% off on the fees.
5. SETL
Founded by Peter Randall, SETL has its headquarter in London. The purpose of this platform was to deploy a multi-currency, institutional payment platform and multi-asset settlement that would be entirely dependent on blockchain technology.
On this platform, the participants can directly move the assets and cash among themselves. It simplifies the matching process and maintains a final settlement of all the transactions like transaction records, registration and custody.
6. Finhaven
Vancouver based cryptocurrency startup, founded in 2017; Finhaven comes to create digitized assets. Their first plan is to build a debt and equity issuance platform with the help of Ethereum blockchain.
With Ethereum, Finhaven also creates secure wallets and forms an audit log of the transactions along with creating one-of-a-kind tokens for every digitized asset. Soon, Finhaven will again be using Bitcoin. The investors would then be able to acquire Bitcoin in exchange for their investment.
Finhaven is currently serving in Canada only. But this may not remain as is, in the future, if all things go as planned.
7. Coinfirm
It is a London based firm for cryptocurrency that was founded in 2015, the aim to make this firm was to provide a secure environment of blockchain to all actors such as, governments, financial institutes, other economical industries along with individuals.
The best service that this firm provides is anti-money laundering which makes it very attractive to governments and all legal actors. Confirm also created its own currency and named AMLT. The company has raised almost five million.
8. Limechain
It is a Bulgarian based company located in Sofia. This institute was founded in 2017. The organization is specialized in blockchain building solutions for new startups and corporations. It also works on bitcoin development.
Limechain provides LimePay services that enable users to make transactions freely and easily. You no need to register for a wallet. You can make payments and receive them through credit cards. Procter & Gamble is one of the big clients of this organization.
9. DappRadar
It was founded in 2018 by Lithuania, DappRadar got funding of two million euros in 2019. This company provides peer to peer computer network solutions. Other services are open source codes and their deployment through blockchain.
All these are tracked by Dapps; the actual number is 2900 across blockchains. Which helps the company filter out the irrelevant and fake activity and provide an accurate actionable market place with artificial intelligence.
10. Solve.Care
It is the one and only healthcare blockchain tech company. Pardeep Goel founded in 2017, in Tallinna Estonia. This startup provides more clear, transparent, and less involvement of bureaucracy in the healthcare sector.
This company organizes payments among doctors, pharmacies, patients, employers, insurers, laboratories, and others.
Final Thoughts
Almost all the new cryptocurrency startups have revealed their big plans for the coming years. A lot of them are trying to introduce new projects and products. Others would be strengthening their way of doing business and expanding their horizons location-wise.
Nonetheless, what the studies and reports have suggested is that the coming years are going to be especially beneficial for the cryptocurrency business. A lot of new startups are going to be launched, and there will be a massive increase in the number of cryptocurrency users. All in all, we’re set to see a significant and profitable transformation in the crypto market.
