CoinPlus CEO Christian TodtBodt said CoinPlus is starting the process of applying for the ministerial approval in Luxembourg. While aware that there are still a number of steps to take before it can reach that “grail”, he is optimistic that it will succeed. Additionally, Bodt said he expects another funding round later this year.
CoinPlus has been created and developed so far with the support of Technoport, a state-owned incubator located in southern Luxembourg.
Confident in bitcoin’s potential
As a Python developer with a background in financial industries, Bodt said he originally discovered bitcoin in 2010 and he quickly became interested in the concept.
He met with Gavin Andresen in 2011 and became convinced that he had to join the community, which he did with the creation of his first bitcoin client. Bodt was also active in the fledgling bitcoin communities of both London and Paris.
Bodt said that bitcoin as a currency has some advantages over the traditional monetary system:
“The advantage of bitcoin as a unit of account is that it can store value without any risk linked to other people’s actions. The euro, for example, requires confidence in both the European financial and political system and the European central bank.”
Luxembourg image via Shutterstock
CoinPlusEuropeInvestorsLuxembourg
Original author: Nermin Hajdarbegovic