Coinapult is Bitcoin wallet known for its “Locks” feature that allows users to peg the value of bitcoins to other assets, like dollars, gold, or silver.
History
Coinapult was founded by Erik Voorhees and Ira Miller in 2012. The company was the first to allow Bitcoin wallet functions through email and SMS.
Locks
Coinapult Locks allow users to deposit bitcoins and lock in the value to other assets. Users are able to store value in assets other than bitcoin, but retain the ability to spend as bitcoin. A user could, for example, lock in three bitcoins for one ounce of gold. A user can then spend his/her gold balance as bitcoin at any Bitcoin merchant, without the need to worry about Bitcoin volatility.
Links
- Coinapult COO Justin Blincoe on Developing Markets - Bitcoin Knowledge Podcast
- Interview With Coinapult COO & CFO Justin Blincoe - Bitcoinist
Venture Capital Rounds
Coinapult: $0.78 million - Seed
30-Sep-2014 | Wallet
Investors: Bitcoin Opportunity Corp, Roger Ver, FirstMark Capital, Erik Voorhees, Ira Miller
Headquartered: Panama City
Country: Panama