BitMint Overview
BitMint is an AI-powered cyber innovation group specializing in quantum-resilient solutions for privacy and data confidentiality. BitMint also develops and implements quantum-safe digital currencies for online and offline use, putting users in charge of their data, money, and privacy. The companys IPs (about 29 granted patents) and scalable architecture aim to deliver real-time solutions for privacy and data confidentiality, fundamentally changing how data is shared and monetized and countering the growing threats posed by quantum computing. BitMints architecture is geared toward social accountability and financial inclusion. It seeks to democratize access to finance and contributes to economic and financial inclusion by equalizing and connecting people and creating trust between strangers. The companys BitMint*LeVeL coin can be used with both centralized and decentralized currency, and is adaptable to connectivity failures, IoT payments, and cross-border transactions. The LeVeL protocol detects counterfeits and prevents double spending of the underlying entity of value, be it the U.S. dollar or Bitcoin.
Cumulative Funding Raised Over Time ($)
—Jul 2016
Latest News
growth-positive
What I learned from my role in digitizing the yuan
The article discusses the development and challenges of Chinas digital yuan, or e-CNY, which is a central bank digital currency (CBDC). It highlights the importance of a quantum-cryptanalytic-resistant architecture for CBDCs to protect against the threat of quantum computers. The article also mentions the need for payment continuity, sustained offline payments, and the inclusion of underbanked and non-technology savvy individuals. It emphasizes the importance of a design that offers convenience, security, and flexibility, and suggests the use of tethered money for subsistence payments. The author predicts the obsolescence of Crypto 1.0-based currencies and assets and envisions the future adoption of Crypto 2.0 platforms for digital currencies. The article is written by Amnon Samid, the CEO of BitMint, a cyber innovation group developing quantum-resilient solutions.
PartnersCustomers
growth-positive
CoinNewsExtraTv INTERVIEW SESSION With Amnon Samid
The article promotes the features and benefits of using LinkedIn for job search, industry updates, skill development, and networking. It highlights the ability to unlock community knowledge through collaborative articles and the Open To Work feature that allows users to indicate their job search status. The article also mentions various job categories and courses available on LinkedIn for skill development. Overall, the article has a growth-positive impact on LinkedIn, showcasing its value as a platform for professionals.
Expand
Noble Free Giving: Breaking Out with a New Dimension
growth-positive
Will central and commercial banks negatively disrupt innovation?
The article discusses the potential risks and concerns associated with central bank-issued digital currencies (CBDCs). It highlights the need for banks and financial institutions to embrace digital innovation and adapt to the changing landscape. The Chinese central bank is mentioned as an example of a central bank that has embraced CBDCs and used BitMint, an Israeli group, to design and build a payment platform based on quantum randomness, AI, and nano-technology. The article also mentions the opportunity for the Bank of Israel to be at the forefront of global finance by adopting innovative and secure solutions for CBDCs. The key topics discussed include CBDCs, privacy, quantum computing, innovation, and digital currencies.
CustomersPartners
growth-negative
An Alternative Approach to Cryptocurrency Security
The article discusses Gideon Samids views on the vulnerability of todays cryptocurrencies and cryptography to quantum computing. Samid, the CTO of BitMint, suggests that relying on algorithmic complexity for cryptography is risky and proposes using quantum randomness instead. He also mentions BitMints initiatives with the Peoples Bank of China and predicts that identity and money will become interlinked. The impact of the article on BitMint is growth-negative as it highlights potential vulnerabilities in their approach. The key theme of the article is the need for a shift from algorithmic complexity to quantum randomness in cryptography. The key issue discussed is related to customers, as the article raises concerns about the security of current cryptocurrencies. The date of the event described in the article is April 7, 2021. My confidence in this answer is 8/10.
Customers
| Sector | Cyber Security |
Funding
| Total funding | Undisclosed |
| Last funding | Undisclosed |
| Stage | Seed |
| Rounds | 1 |
| Investors | 0 |
Team Members
1
Employees: 1-10
Web & Social Links
| Website | www.bitmint.com/ |
Locations
Meir Ya'ari 17, Tel Aviv-Yafo, Israel
Photos & Videos
2 item(s)
BitMint Business
Business models
B2B, B2B2C, B2G, B2C
Product stage
Customer development
Employees
1-10
Sector
Cyber SecurityIdentity SecurityData SecurityFintech & InsurtechTarget Customer
Financial ServicesFinancial InstitutionsBanksGovernment & CityCore Technology
Platforms & InterfacesWebArtificial IntelligenceTags (17)
paymentsweb-platformcryptocurrencycryptographygovernmentidentity-verificationprivacy-protectiondigital-walletiotfintechcyber-securityquantum-computingbanksfinancial-institutionsartificial-intelligencedata-protectionnetwork-securityGeographic Markets
GlobalBitMint Financials
Undisclosed
Total funding
Undisclosed
Capital raised
Undisclosed
Last funding
Seed
Funding stage
1
Total rounds
0
Investors
Cumulative Funding Raised Over Time ($)
—Jul 2016
Private Equity Funding
Seed
Jul 2016
Undisclosed
BitMint Lifecycle
Cumulative Funding Raised Over Time
—Jul 2016
All Events
Seed
Jul 2016
Undisclosed
BitMint News
8 articles
growth-positive
What I learned from my role in digitizing the yuan
The article discusses the development and challenges of Chinas digital yuan, or e-CNY, which is a central bank digital currency (CBDC). It highlights the importance of a quantum-cryptanalytic-resistant architecture for CBDCs to protect against the threat of quantum computers. The article also mentions the need for payment continuity, sustained offline payments, and the inclusion of underbanked and non-technology savvy individuals. It emphasizes the importance of a design that offers convenience, security, and flexibility, and suggests the use of tethered money for subsistence payments. The author predicts the obsolescence of Crypto 1.0-based currencies and assets and envisions the future adoption of Crypto 2.0 platforms for digital currencies. The article is written by Amnon Samid, the CEO of BitMint, a cyber innovation group developing quantum-resilient solutions.
PartnersCustomers
growth-positive
CoinNewsExtraTv INTERVIEW SESSION With Amnon Samid
The article promotes the features and benefits of using LinkedIn for job search, industry updates, skill development, and networking. It highlights the ability to unlock community knowledge through collaborative articles and the Open To Work feature that allows users to indicate their job search status. The article also mentions various job categories and courses available on LinkedIn for skill development. Overall, the article has a growth-positive impact on LinkedIn, showcasing its value as a platform for professionals.
Expand
Noble Free Giving: Breaking Out with a New Dimension
growth-positive
Will central and commercial banks negatively disrupt innovation?
The article discusses the potential risks and concerns associated with central bank-issued digital currencies (CBDCs). It highlights the need for banks and financial institutions to embrace digital innovation and adapt to the changing landscape. The Chinese central bank is mentioned as an example of a central bank that has embraced CBDCs and used BitMint, an Israeli group, to design and build a payment platform based on quantum randomness, AI, and nano-technology. The article also mentions the opportunity for the Bank of Israel to be at the forefront of global finance by adopting innovative and secure solutions for CBDCs. The key topics discussed include CBDCs, privacy, quantum computing, innovation, and digital currencies.
CustomersPartners
growth-negative
An Alternative Approach to Cryptocurrency Security
The article discusses Gideon Samids views on the vulnerability of todays cryptocurrencies and cryptography to quantum computing. Samid, the CTO of BitMint, suggests that relying on algorithmic complexity for cryptography is risky and proposes using quantum randomness instead. He also mentions BitMints initiatives with the Peoples Bank of China and predicts that identity and money will become interlinked. The impact of the article on BitMint is growth-negative as it highlights potential vulnerabilities in their approach. The key theme of the article is the need for a shift from algorithmic complexity to quantum randomness in cryptography. The key issue discussed is related to customers, as the article raises concerns about the security of current cryptocurrencies. The date of the event described in the article is April 7, 2021. My confidence in this answer is 8/10.
Customers
growth-neutral
BitMint Hard Wallet: Digital Payment without Network Communication : No Internet, yet Sustained Payment Regimen between Randomness-Verifiable Hard Wallets
The article discusses profile information on the IEEE website.
Customers
growth-positive
BitMint pitches centralized digital currency to central banks
BitMint, a company based in Tel Aviv, is developing technology that would enable governments or large companies to mint digital currencies tied to existing fiat money. The CEO, Amnon Samid, stated that BitMint is in exploratory talks with three central banks. Unlike Bitcoin, BitMints technology allows for a centralized authority to mint digital currency while still utilizing distributed ledgers to prevent fraud or accounting errors. The technology also allows for the embedding of identification along with value in its digital money, making it traceable. Potential clients are currently wary of being the first to try BitMints technology.
PartnersCustomers
growth-positive
Governments Must Co-Opt Bitcoin to Avert Disaster
The article discusses the rise of digital money, specifically Bitcoin, and its potential impact on traditional banking institutions. It highlights the security and convenience offered by digital currencies, as well as the potential challenges and risks associated with them. The author suggests that banks will need to adapt to the growing demand for digital currencies and offer competitive interest rates to attract depositors. However, the article also raises concerns about the stability and security of Bitcoin, and calls for the development of a regulated and digitized option for national currencies. The article is dated, as it refers to the Cyprus crisis, but does not provide a specific date.
CustomersPartnersInvestmentManagement Changes
BitMint Team
Employee Info
| Employees (range) | 1-10 |
| Exact count | 3 |
| Team members | 1 |
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BitMint Internal
Recent Updates
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Admin Info
| Confidence | 100/100 |
| BI Verification | Yanina Wainscheinker |
| Registrar ID | 514568351 |
| Crunchbase | bitmint |
| Last updater | Yanina Wainscheinker |
| Updater email | yanina.wainscheinker@sncentral.org |
| Last update | 2022-09-22T00:00:00.000Z |
| Created | 2014-11-05T00:00:00.000Z |
| Claimed | Yes |