COLU, an Israel based startup that allows fast access to Colored Coins and Bitcoin 2.0 infrastructure through an easy-to-use fast and secure API, has recently announced that Yoni Assia, founder and CEO of eToro, a Cyprus based social trading company that allows its users to watch the financial trading activity of other users and copy them, has joined the company’s board of directors.
According to CoinDesk, Yoni Assia admitted that he believes COLU will launch applications that will help position it as the “standard for bitcoin 2.0”:
”I believe that bitcoin 2.0, specifically the usage of the blockchain itself for different transactions is the killer application of bitcoin. Colu is a great team that will build a platform to enable these transactions, Colu will make it possible for non-bitcoin companies to easily integrate this technology and for users to use 2.0 for different everyday applications.”
Amos Meiri, CEO of COLU, said that he is excited to have Assia on the board taking into account that they have often worked closely together: while working as head of dealing at eToro and on Colored Coins:
“We share the same vision and passion when it comes to 2.0 and I am very excited to keep working closely with him.”
COLU has recently raised a $2.5 million seed round of funding. The round was led by Israeli venture company Aleph and Spark Capital. Additional investors were BoxGroup and Bitcoin Opportunity Corp.
“There’s so much complexity in our everyday lives,” said Amos Meiri. “Our goal at COLU is to use the blockchain’s ability to safely enable access to everything from online purchases to opening the front door of our vacation stay and locking the door of the car that brought us there. It’s a broad spectrum of uses but completely possible using blockchain validation and security.”
Mr. Meiri is convinced that bitcoin is “the most secure database on the planet”, though still a lot of things depend on a market in Bitcoin:
“Even if bitcoin drops down to $10 it will still be the most secure spreadsheet.”
Meanwhile, Patrick Murck, executive director of the Bitcoin Foundation, joined the board of advisors of BTCJam, a peer-to-peer lending platform. Murck has “an impressive legal background” and was recently named one of America’s Top 50 Outstanding General Counsels by the National Law Journal.
“I am honoured to be invited to join the Board of Advisors for BTCJam, one of the most exciting companies powered by bitcoin. BTCJam is creating new on-ramps for people the world over to join the emerging digital economy, not the least is their unique credit scoring algorithm. This ability to extend credit even in countries that lack a credit-scoring system will be critical to bringing modern financial services to new and often overlooked markets.” he admitted.
Speaking about the personality of Patrick Mutck, BTCJam’s CEO Celso Pitta claimed:
“Patrick’s legal expertise and bitcoin knowledge are absolutely essential to our mission of expanding access to fairly priced credit everywhere”.
Looking back, 20Mission, a 41 room co-working space dedicated to art and technology creators, has recently announced a launch of Nakamoto’s electronics and the majority of the funding came from loans that were funded on the BTCJam by the company’s investors and Bitcoin enthusiasts alike.
Andrew Lee, the CEO of Purse.io, had already experienced BTCJam as an investor in loans himself so it was something he and his associates were familiar with:
“BTCJam was not only a great way to raise money but awareness through the social attraction of the platform.”