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VeradiVerdict - Payment - Issue #6

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Hi, I am Paul Veradittakit, a Partner at Pantera Capital, one of the oldest and largest institutional
 
October 9 · Issue #6 · View online
VeradiVerdict
Hi, I am Paul Veradittakit, a Partner at Pantera Capital, one of the oldest and largest institutional investors focused on investing into blockchain companies and cryptocurrencies. I focus on early investments and want to share my thoughts and what’s going on in the industry in this weekly newsletter.

View and comment this newsletter on Medium

Editorials
At Pantera, we have been very excited about blockchain’s application in the payment space. Recently, Pantera made a follow-up investment in Veem in a round led by Goldman Sachs, and participated by GV, Kleiner Perkins, and SVB. Pantera led Veem’s seed round.

Veem is a global B2B payments company that combines blockchain technology and legacy money transfer infrastructure into a multi-rail platform for optimized business payments. The company aims to offer fast, secure, and low cost transactions for small to medium size businesses by determining the most efficient route for domestic and cross-border money transfers. 

The team at Veem has considerable experience in the payments sector. Marwan Forzley (CEO) sold his last company, eBillme, to Western Union. Beforehand, Forzley and his team also worked together at Western Union for several years. We believe Veem’s multi-rail approach to optimizing SMB payments is one of the best solutions in the market. 

Digests
Defining the Security Token Stack – Harbor
Battle of the Privacycoins: What We Know About Grin and Beam’s Mimblewimble
There Has Never Been More At Stake In Venture Capital
In the Tweets
Vinny Lingham
Blockchain Tourists : Ecosystem participants (speculators, entrepreneurs, opportunists etc) who come in during the hype cycles and then leave when things get tough. You can’t blame them - by definition, tourists tend to only like good weather...
10:17 AM - 7 Oct 2018
Joseph Young
Bitcoin ETF won't happen in 2018. VanEck & Cboe will likely launch first ETF in 2019

But crypto saw many positives already

1. Bakkt
2. Coinbase / BitGo Custody
3. Citigroup, Goldman Custody
4. ErisX / $30 Billion Ameritrade BTC / ETH Futures
5. Crypto Bank in Swiss by UBS Execs
7:42 PM - 6 Oct 2018
Arianna Simpson
Based on what I saw at #ETHsf, Crypto Twitter’s claims of Ethereum’s demise have been greatly exaggerated! https://t.co/QqjfdXO98L
3:44 PM - 7 Oct 2018
News
Crypto Assets on Winklevoss Gemini Exchange Are Now Insured
Sidechains Are Bringing ICOs to Bitcoin And That Might Change Crypto Funding
Will Yale's Investment in Crypto Lead to More Institutional Investors?
Major Crypto Exchange Bitfinex Secures Services of HSBC, Can it Last?
Philippines Deports Mastermind of $33 Million Bitcoin Pyramid Scheme
Regulations
US Customs Official Claims Crypto Conversions Can Be Traced
Resurrection? SEC to Begin Reviewing 9 Rejected Bitcoin ETFs
New Products and Hot Deals
Circle Poised to Acquire Equity Crowdfunding Platform SeedInvest
Abra Is Launching a Crypto Token Tied to an Investment Fund
A slew of Wall Street giants behind an upstart exchange looking to launch a suite of crypto futures
Coinbase, the startup at the core of the crypto craze, is now considered an $8 billion company
Multicoin Leads $10 Million SAFT Sale for Ethereum Scaling Startup Skale
Meet with Me
I will be traveling this fall for certain events, and to meet with investors. Let me know if you and your colleagues would like to meet in person.

San Francisco, SF Blockchain Week, October 9
Las Vegas, Money 2020 USA, October 21-24
Zurich, Crypto Summit, October 28-29
Prague, DevCon 4, October 30-November 2
Macau, Sora Summit, November 13
New York, Consensus Invest, November 27
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