StageDead | Dead
37coins provides a bitcoin wallet and risk management services. The platform helps people to take decisions about cryptocurrency and It makes financial transactions as simple as sending a text. The SMS wallet allows the client to send and receive Bitcoin in remote areas without internet access. It was founded in 2014 and is based in Sunnyvale, California.
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Research containing 37Coins
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CB Insights Intelligence Analysts have mentioned 37Coins in 1 CB Insights research brief, most recently on Apr 18, 2023.
Expert Collections containing 37Coins
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
37Coins is included in 2 Expert Collections, including Blockchain.
Companies in this collection build, apply, and analyze blockchain and cryptocurrency technologies for business or consumer use cases. Various industries include financial services, trade finance, supply chain, enterprise tech, consumer and retail, and healthcare.
Latest 37Coins News
Aug 11, 2015
Stan Higgins |Published on August 11, 2015 at 18:22 BST News Bitcoin remittance startup 37coins is closing its doors. In a new blog post , the company said it was shutting down its service and its SMS-based wallet immediately, however, users have until 30th December to withdraw their balances. More information about the withdrawal process can be found here . The closure marks the end of a process that saw the startup take part in Plug and Play's bitcoin startup group. 37coins aimed to use low-cost cell phone technology as a means to enable cheap transactions, but according to the team, development ran into headwinds that ultimately proved insurmountable. The post explained: "Despite the best of intentions, we were unable to deliver a quality product that showed product-market fit. We also found that SMS delivery between different carriers in countries outside the USA is unreliable. Lastly, our initial objective was not possible to achieve with the amount of capital raised. " 37coins also cited the growing focus of bitcoin projects that target the underbanked, and concluded by thanking those who had supported the project. "It has been a privilege getting to know all the bitcoin supporters around the world and to work together toward a fair and balanced financial system," the team wrote. "Thank you for being such passionate supporters. " 37coins did not immediately respond to a request for comment. Images via 37coins, Wikimedia
37Coins Frequently Asked Questions (FAQ)
When was 37Coins founded?
37Coins was founded in 2014.
Where is 37Coins's headquarters?
37Coins's headquarters is located at 440 North Wolfe Road, Sunnyvale.
What is 37Coins's latest funding round?
37Coins's latest funding round is Dead.
Who are the investors of 37Coins?
Investors of 37Coins include Plug and Play Ventures and Plug and Play Accelerator.
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