Ziftr, Online Shopping Startup Raises Over $850,000 in under two months


Ziftr, Online Shopping Startup Raises Over $850,000 in under two months

In a press release, the online shopping startup Ziftr says that it has officially closed the pre-sale of its own altcoin, ziftrCOIN, raising over $850,000 in under two months. The company says that the decision is aimed at creating an alternative digital currency for use by merchants and consumers.

According to the firm the project that was launched on 9th December and formally ended its sale on 23rd January, has sold 4.1 million ziftrCOINs. The announcement says that the company will bring ziftrCOIN. It is an innovative digital altcoin designed for shoppers. Also, in late 2015, Ziftr will give away 300 million ziftrCOINs

The aim behind the donation of 300 million ziftrCOINs is that the company wants that consumers can begin familiarizing themselves with cryptocurrency. Also, when spent in Ziftr’s merchant network, each ziftrCOIN will have a minimum redemption value of $1, functioning similarly to a coupon.

Similarly, it will bring ziftrPAY, a secure API that enables merchants to accept cryptocurrency payments as well as credit card payments without having to view customers’ credit card information. Then it will bring ziftrWALLET, a secure digital wallet that stores all of a user’s payment information like credit cards, Bitcoin, Litecoin, dogecoins, ziftrCOINs, etc.

The company also promises to bring ziftrSHOP, a worldwide online marketplace where consumers will be able to conduct transactions using credit cards or cryptocurrency. Thus, there are several ambitious projects that Ziftr is working on and the money it has collected will be used for the same purposes.

Ambitious Project to Transform the Way Money is received

Nonetheless, the press release from Ziftr says that it will use the money raised during the Presale to help fund its mission of bringing cryptocurrency into the mainstream for consumers and merchants. Also, to accomplish this mission, it has created a suite of tools and applications designed to integrate with Bitcoin, ziftrCOIN, Litecoin, Dogecoin, etc.

Talking to media professionals Bob Wilkins, CEO of Ziftr and ziftrCOIN said that he is thrilled by the support it received during the ziftrCOIN Presale and would like to extend his deepest gratitude to everyone who contributed and made this such a success. He says that his team will work hard on the project as it moves forward.

For now it says that it will be continuing development of the tools and applications designed to integrate with cryptocurrency and developing key partnerships with point of sale vendors, cryptocurrency exchanges and other companies in the financial space.

To contact the reporter of this story: Deepak Tiwari at deepak@forexminute.com