If you’ve been following the news over the last few weeks, you may have heard about a blockchain startup called Freepointment, which is using the blockchain to give the internet its own currency.
Now, Freepreet is adding another tool to its platform to help its users convert the cryptocurrency into cash.
The Freepointed website allows users to create their own cryptocurrency, which will then be exchanged for fiat currency.
The company claims that the Freeputet currency is backed by a combination of blockchain technology and the internet’s native currency, Bitcoin.
Users can then store their cryptocurrency in the cloud, and use it to buy things, such as services or cars.
Freepoyalty will also allow users to send cryptocurrency payments directly to each other, without a bank account.
Freeps cryptocurrency will be stored on Freepost.com, and will be available for anyone to use to buy or sell goods and services.
The company claims to have raised $1.4 million from venture capital firms, including Kleiner Perkins Caufield & Byers and Lightspeed Venture Partners.
Freeport said in a blog post that the project has raised more than $10 million in venture capital so far.
“Freepoint is an exciting opportunity to use blockchain to create a digital asset that can be used to pay for goods and service,” the company wrote.
“The Freeport token, which can be traded on the Freeport exchange, will enable customers to purchase goods and provide services in a secure and reliable manner.”
Freepoyalt, which has a valuation of around $5 million, will be the first cryptocurrency exchange to launch in the US.
The Freepet website has a number of other currencies to choose from, including Ethereum, Litecoin, Dash and Zcash.
Freppoint plans to offer other currencies in the future, including Zcash, Ripple, LiteCoin, Ether and Dogecoin.For more: