Satoshi Nakamoto Blog

Category : Crowdfunding

Crowdfunding is the practice of funding a project or venture by raising small amounts of money from a large number of people, typically via the Internet. Crowdfunding is a form of crowdsourcing and alternative finance. In 2015, over US$34 billion was raised worldwide by crowdfunding.

Although similar concepts can also be executed through mail-order subscriptions, benefit events, and other methods, the term crowdfunding refers to Internet-mediated registries. This modern crowdfunding model is generally based on three types of actors: the project initiator who proposes the idea or project to be funded, individuals or groups who support the idea, and a moderating organization (the “platform”) that brings the parties together to launch the idea.

Crowdfunding has been used to fund a wide range of for-profit, entrepreneurial ventures such as artistic and creative projects, medical expenses, travel, and community-oriented social entrepreneurship projects. Its use has also been criticised for funding quackery, especially costly and fraudulent cancer treatments

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BCH Latam: Creating a Viral Feedback Loop for Mass Adoption With Bitcoin Cash

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This week news.Bitcoin.com spoke with George Donnelly from the BCH Latam initiative about his plan to help the people of Latin America “achieve greater individual...
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Top fintech stories this week – 31 January 2020 – FinTech Futures

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The FinTech Futures weekly round-up of the industry’s top stories and happenings from across the globe. This week we cover: Viva Wallet buys Greece’s first digital challenger...
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Payments app KogoPay crowdfunds £200k and hits £10m valuation – FinTech Futures

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KogoPay, the mobile payment app which offers “instant and affordable” transactions between Europe and Asia, has raised more than £200,000 in crowdfunding on Crowdcube hitting...
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Financial management app Muse reveals £500k funding target – FinTech Futures

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Muse, the financial management app for businesses, has started a Crowdcube campaign to raise £500,000 before the end of this week. Having launched its app...