Eligma, the company behind the GoCrypto Token (GoC), has started their crypto journey in 2018 with a public crowdsale to fund their platform’s development. Within less than a year, they launched the first version of their unique payments solution Elipay, later developing into the GoCrypto infrastructure and the Elly custodial cryptocurrency wallet app.
GoCrypto cryptocurrency payment gateway offers offline and online merchants the opportunity of accepting volatility-free payments in crypto. While customers pay in crypto, merchants receive the full amount in fiat, guarding them against possible cryptocurrency swings. Eligma is also taking on lengthy transaction confirmation times. Usually, when transacting in crypto, it can take a couple of minutes until a transaction is confirmed, but now GoCrypto enables instant confirmation of money transfer, improving the experience of any customer paying in-store with crypto.
For customers, Eligma developed Elly, an all-in-one mobile cryptocurrency wallet app, including a custodial wallet enabling users to buy, pay, securely store and exchange crypto all in one place.
Furthermore, Eligma owns the Bitcoin City Trademark and set grounds for the creation of the first Bitcoin City™: a shopping mall with 21 million visitors annually. Many of more than 500 shops in the mall accept crypto, making it the perfect place for crypto-enthusiast shopping trips.
Within less than two years, Eligma has been able to scale up their services to more than 600 locations across Slovenia and Croatia. Currently, GoCrypto serves more than 20,000 users via the Elly app as well as all 5 million users of the Bitcoin.com Wallet and is now expanding to Switzerland, Venezuela, Colombia, Argentina, Turkey,Great Britain, Japan and others.
The GoC token (previously ELI token) on the BCH blockchain can, as a pure utility token, be used for payments in allGoCrypto locations. When paying with the Elly wallet, buyers can profit from a 2% token-back reward program. Eligma plans to add further utility to the token in the near future.
Most recently, Eligma has received $4 million in funding to drive their global expansion and merchant acceptance of crypto. According to Eligma CEO Dejan Roljic, nothing should hinder that growth: “On a daily basis, we are being contacted by merchants and companies from various countries where cryptocurrencies already represent an important alternative to the local currency or fiat in general.”
Following the new funding round, Eligma has decided to migrate their native token from Ethereum to the Simple-Ledger-Protocol which, due to its high scalability, makes it the perfect platform for quick and effective payments. GoC token is trading on Bitcoin.com Exchange from November 25, 2019.