Coinplug

Trading · Retail & E-Commerce · Payments
Coinplug header

Coinplug

Trading · Retail & E-Commerce · Payments

Bitcoin Exchange & Payment Processor

South Korea, Seongnam
$14M
Total amount raised
2013
Year of establishment
Active
Status

About

Hi we’re Coinplug!


Coinplug is a Korea based Bitcoin startup founded in June of 2013. Coinplug provides a Bitcoin exchange & wallet service, okBitcard(bitcoin prepaid card), 2-way ATM and payment processor targeting Korea and other Asia market. Consumers and merchants can use the company’s services to accept virtual currency Bitcoin.

Key objective

To provide direct transactions between customers and merchants without complications and transaction fees.

Slogan / Motto

We focus on blockchain technology innovation to improve daily life

Use cases

Centralized Exchanges
Merchant Solutions
Payment Processor

Team

Team members

Richard Yun Chief Operations Officer

Jay Hong Chief Technical Officer

Ryan Uhr Chief Executive Officer

Jeffrey Song Chief Security Officer

Products

Funding

Received funding
$13,940,000
Total amount raised
5
Rounds
16
Total amount of investors
Amount Raised
Funding type
Funding round closing
Investors
$6,400,000
Series B
KB Investment
Mirae Asset Venture Investment
Smilegate Investment
$4,240,000
Series B
Atinum Investment
KB Investment
SBI Investment
$2,500,000
Series A
BOKWANG Venture Capital
Capstone Partners
DSC Investment
Jiyoung Park
Mirae Asset Venture Investment
Tim Draper
$400,000
Seed
Chol Hwan Kim
Threshold Ventures
Tim Draper
$400,000
Seed
Silverblue

News

Coinplug, HP Retail launch blockchain decentralized identity app to access unmanned stores in Korea

On 31 August, Korean blockchain startup Coinplug announced that its MYKEEPiN decentralized identity (DID) app can be used by consumers to enter unmanned convenience stores. The solution is the result of a collaboration between SBI-backed Coinplug, HP Retail, an unmanned convenience store, and CU Box, a biometrics and access security company. According to the Korea Times, due to evolving technologies...


8 months ago


Product update/release
Partnership
Coinplug

South Korean City Opens Public Services to Blockchain-Based ID App

South Korea’s second-largest city, Busan, will let its citizens access government services using a blockchain-based identification app developed by Coinplug.


a year ago


General news
Coinplug

South Korea’s Busan city launches decentralized identity platform for public services

South Korea’s Busan city has launched a decentralized identity verification service, reported Yonhap News. The solution was developed by blockchain firm Coinplug, and will provide access to public services using a mobile application. Busan is the second-most populous city in South Korea, with 3.4 million residents. It was designated as a regulation-free blockchain zone last year. Citizens need to...


a year ago


Product update/release
Coinplug

Major Korean Banks Back Bitcoin Startup Coinplug’s $6.4 Million Round

South Korean bitcoin exchange and wallet startup Coinplug has raised $6.4 million from venture arms of major local financial institutions.


2 years ago


Investment
Coinplug
Bitcoin