Mycelium Bitcoin Wallet Crowdsale Closes in on $1 Million Fundraise, Integrates Glidera

By May 18, 2016Bitcoin Business

In a month of big news for the Bitcoin wallet, Mycelium has announced the integration of Glidera. Now, users can buy and sell bitcoin in the United States and Canada through the oldest wallet in the Bitcoin space besides the original Satoshi client.

“We’re excited to join forces with the Mycelium team and bring this new service to Mycelium users,” said Dave Ripley, CEO of Glidera. “Mycelium offers one of the most secure and easy-to-use wallets on the market, and the addition of Glidera will further improve the experience for new and existing users.”

Glidera does not hold customer funds at any time and will manage compliance, payment fraud management and liquidity challenges.

“The Glidera integration reinforces the broader Mycelium vision of becoming the user’s hub for financial services,” said Nikolay Chichkanov, vice president of product for Mycelium. “We plan to continue investing in the Mycelium wallet, bringing more value to users.”

The news comes on the heels of major milestones for the Mycelium project. With less than a day left in its crowdsale , Mycelium has raised 2,145 bitcoins at approximately a $19 million valuation.

The company has been selling a 5 percent nondilutable stake in Mycelium since May 1, and it will continue until May 18. This stake will grant the owner rights to any future company growth, similar to a stock, but in the form of a Stock Appreciation Rights (SAR).

“Like stocks,” Murashchik explains, “that grant you ownership of a company’s assets, and that the company can buy back from you in exchange for company cash you technically own, SARs grant you rights to a company’s assets, but you can cash out on your own.”

One of the longest-standing Bitcoin companies is poised to become the first one to sell a stake directly on the blockchain.In April Mycelium announced a new wallet, […]

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