CUPERTINO, Calif.--(BUSINESS WIRE)--Coinplug, a Bitcoin startup, announces a $400,000 investment from Silverblue, Inc., “Silverblue is investing in Coinplug because of the excellent engineering and management team of Coinplug. Professional engineers from Silicon Valley and Korea have formed the top development team,” says Mr. KH Joo, CEO of Silverblue, Inc.

The investment will be used to develop Coinplug’s online and mobile Bitcoin trading and merchant platform with reliability and high security. The trading platform will initially serve Korean users to buy and sell Bitcoin. Coinplug merchant service is for online and offline markets that the customers and merchants can transact without payment processing intermediaries. The Coinplug mobile app will facilitate both trading and merchant services on mobile devices. Coinplug plans to introduce Bitcoin related creative services on its ecosystem.

Coinplug maximizes usability through multiplatform app and web service. Coinplug technology emphasizes security to provide financial institution level security.

Ryan Uhr, CEO of Coinplug, Inc. said, “I am happy and proud to work with our engineers who are undoubtedly top-notch software and securities engineers in the industry. We aim to expand our services beyond the Korean market to the other Asian nations, which means more opportunities for the Bitcoin users in those regions.” Coinplug was founded in June 2013 by veteran technologist Ryan Uhr and Silicon Valley engineering team.

ABOUT Coinplug

Coinplug is a Korea based Bitcoin startup founded in June of 2013. Coinplug provides a Bitcoin exchange & wallet service, and payment processor targeting Korea and other Asia market. Consumers and merchants can use the company’s services to accept virtual currency Bitcoin. For more information, please contact info@coinplug.com

ABOUT Silverblue

Silverblue is an investment company based in Cupertino, CA. led by KH Joo, the founder of ExiO Communications which was acquired by Cisco systems, Inc. in 2001. For more information, please contact silverblue.inv@gmail.com