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Intrigued by the disruptive potential of bitcoin but intimidated by the complexity of developing products and services based on the blockchain technology? You’re not alone, and for good reason. Not only is the blockchain complex, but associated applications have become targets for hackers and criminals.
Californian bitcoin API developer Gem has announced an additional $1.3m in funding, raising its total to $3.3m.
Bitcoin startup Gem announced Tuesday the deployment of custom Hardware Security Modules (HSMs) from payment security giant Thales e-Security, now offered as part of the Venice, California-based company’s standard multi-signature wallet offering.
Amid the rapid adoption of multi-signature technology by industry players, Gem is going from strength to strength, partnering with several high-profile cryptocurrency service providers who have learnt from the mistakes of the past.
Bitcoin startup Gem announced last week a partnership with cryptocurrency retailer expresscoin in which Gem offers expresscoin users its scalable and secure API wallet.
Gem first previewed their unique, security-focused developer API for Bitcoin applications at TechCrunch Disrupt’s Startup Battlefield. The Venice, California-based startup revealed that their mission was to create an easy way for developers to build new Bitcoin applications and for consumers to stay in full control of their funds.
Gem is a new platform for developers that can sometimes be implemented in under ten lines of code. We got CEO Micah Winkelspecht to answer a few questions about the technology underneath and the benefits of using Gem. From explaining multi-signatures in a way that a 12-year-old can understand to the future of the cryptocurrency space, this exclusive interview illuminates an exciting new codebase for developers and a business-booster for start-ups.
Recently, PayPal announced several partnerships aimed towards enabling certain PayPal merchants to be able to accept bitcoin as a form of payment from their customers. This was a significant announcement on multiple fronts as many had wondered if and what PayPal’s foray into the cryptocurrency space would be.
Recently-launched bitcoin services company Gem hasn’t been around terribly long, and they are already doing some pretty impressive things.