Bitcoin Foundation board member Vinny Lingham has announced that he has stepped down as CEO of the popular mobile gift card service Gyft to pursue a new business venture.
Based in Palo Alto, Civic has already received $2.75m in funding from Social Leverage, along with a number of VC firms active in the bitcoin and blockchain space. These include Pantera Capital, Blockchain Capital and Digital Currency Group.
The digital identity protection startup, which focuses on providing online solutions for US social security numbers, is expected to launch this spring, according to Lingham.
Lingham told CoinDesk:
"Your identity information is out there, whether you like it or not. There’s so many breaches. Right now, on the Dark Web, bad guys could be using your information to create fake accounts to apply for credit cards and loans. It’s a huge problem, and it’s ridiculous. The goal for civic is to make your social security number secure."
Read more:
http://www.coindesk.com/gyft-founder-raises-2-75-million-for-id-startup-civic/
