CAMBRIDGE, MA – 08-15-2018 (Press Release Jet) — BUTTON BLOCKCHAIN TECHNOLOGIES (BUTTON) today announced that it has successfully raised $20,000 USD in a pre-seed round and has joined the second class with Boston’s accelerator Play Labs. The company offers a financial technology platform for personal cryptocurrency fiscal management and develops corporate blockchain solutions for tokenized projects accessible through Telegram messenger. Play Labs accelerator is a private accelerator run by Bayview Labs (investor in Twitter, Facebook).
BUTTON is developing a multi-cryptocurrency wallet and exchanger based on Telegram – a key communication platform for the cryptocurrency and blockchain sector. The wallet also provides access to a decentralized exchange and other services. The company’s goal is to create a convenient and secure product for retail customers. In addition, BUTTON is developing a corporate platform for customers relationships and communication for tokenized projects and plans a full-fledged launch of the corporate solution in early 2019.
At the initial testing stage, BUTTON attracted over 7,600 beta users, with 12% being active (conducting transactions, either transfers or cryptocurrency exchange transactions). Now it is in closed beta testing of the wallet’s full version, and users can apply via the official Telegram bot @buttonwalletbot or t.me/buttonwalletbot.
BUTTON plans to attract 200,000 customers by the end of 2018.
“We are always interested in solutions that are aimed at developing new markets. The blockchain economy is already a few years old, and it has managed to generate a significant number of innovative technologies and projects,” said Rizwan (Riz) Virk, CEO of Play Labs. “We believe that with our strategic help, BUTTON will be one of those ground-breaking projects that will impact the development of the entire cryptocurrency sector and move it in a forward direction.”
“Today, the cryptocurrency market is not transparent and convenient enough for a retail user,”said Alexandr Safonov, CEO of BUTTON. “This fact does not only suspend the development of the sector, but also deprives the business of a significant part of potential customers. We are grateful to Play Labs for allowing us to develop our product aimed to give users the opportunity for seamless entry into the cryptocurrency space.”
BUTTON (Button Blockchain Technologies, t.me/buttonwalletbot) develops solutions for cryptocurrency asset management through Telegram messenger. The company was founded in 2018 in the USA. BUTTON is the winner of a number of developer’s hackatons, including Blockchain Founder, Imagine Cup Russia, Unblock Hackhathon organized by Waves, WBS Summit Hackhathon organized by CryptoBazaar & IDACIB.
Play Labs (playlabs.tv) is an incubator/accelerator at MIT which invests and mentors startups that are utilizing playful technology in a variety of industries. This includes VR/AR, esports, 3D modeling, streaming, gamification, artificial intelligence, and blockchain. Play Labs is run by Bayview Labs (bayviewlabs.com/bayviewcapital), and its executive director, Rizwan Virk, an MIT alumnus (MIT ‘92 BS Computer Science & Engineering), and a prolific Silicon Valley angel investor, advisor and mentor, in conjunction with the Seraph Group (www.seraphgroup.net), a seed stage venture capital investment firm founded by Tuff Yen.
For the original news story, please visit https://pressreleasejet.com/news/button-raises-20k-in-pre-seed-funding-will-join-a-new-class-with-playlabs-accelerator.html.
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