Paris based bitcoin payments startup, Paymium, raised €1m in Seed funding from Newfund and Kima Ventures. Co-founder Pierre Noizat claims there is big opportunity for bitcoin in Europe, and is excited to use funding for the expansion to more regional markets.
Noizat said Paymium intends to spread awareness in major European economies by expanding its payment, exchange and application services to more regional markets. As part of the expansion, Noizat said Paymium will likely grow its team to 12 members by the end of next year, up from eight today. Noizat added Paymium believes it's too early to concentrate the efforts of these workers on one specific service, however. "It's hard to say which is our primary business, we don't know yet whether bitcoin will be a mass market payment method for individuals or blockchain tech applications," he continued. "We want to be full-service."