San Francisco, CA – According to filings with the U.S. Securities and Exchange Commission, Connext Inc. is raising $4,097,497.00 in new funding. Sources indicate as part of senior management Chief Operating Officer, Layne Haber played a key role in securing the recent investment and it will aid in aggressively expanding the company, as well as broaden and accelerate product development.

About Connext Inc.

Connext is an open source, peer-to-peer micropayment protocol that powers a new kind of internet economy, one where the value of content, services, and data flows directly from producers to consumers. Connext sits on top of the Ethereum blockchain and existing web protocols like HTTP. The protocol uses a system of networked state channels, a technology that allows peers to make unbreakable commitments to one another, all of which can be adjudicated and resolved on the Ethereum blockchain in the event of a dispute. This lets users of the system make near-free, instant, programmable transfers in any currency, without ever needing to rely on third parties to store funds.

To learn more about Connext Inc., visit http://connext.network/

Contact:
Layne Haber, Chief Operating Officer
415-295-6381
layne@connext.network
https://www.linkedin.com/in/layne-haber-41572889/

SOURCE: http://www.intelligence360.io
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