BlockPay, a blockchain based fintech startup, began its pre-ICO on Tuesday, August 23, 2016, and has raised over 300 BTC within hours of the campaign going live.

The crowdfunding process is being facilitated by OpenLedger, which has launched the Pre-ICO on its ICOO economic enterprise engine. Investors interested in being part of the BlockPay Pre-ICO can purchase BLOCKPAY tokens on the company’s official ICO page or on the CCEDK.com website. The tokens can be bought with BTS, BTC, ETH and SBD.

“The platform has a built-in ShapeShift enabled conversion module to allow those willing to invest in other digital currencies by converting them to BTC. The ICO will end once all the 5,000,000 BlockPay tokens set aside for the crowdfund are sold”, the company said.

CCEDK is in the forefront of BlockPay ICO by offering a range of services including escrow, asset and BLOCKPAY token distribution, media coverage, ordering module and more. The funds raised during the ICO can be monitored at all times on OpenLedger’s dedicated escrow account ico.blockpay. Bitcoin received during the ICO are stored in a multisig escrow account only to be accessed at the end of the event.

BlockPay is available for merchants and businesses at zero cost with support for over 44 different languages. The platform aims to solve the security and business risks through modern Blockchain technologies and helps business around the world to accept digital payments for free. The company is creating standardized point-of-sale merchant tools. It has ready proof of concept products and plans to make it available to merchants and businesses after completing the development.

BlockPay’s suite for businesses includes a standalone application for merchants along with an integrated system to support existing e-commerce and PoS systems like Odoo and SAP. The BlockPay suite is suitable for any type of business including grocery chains, gas stations, vending machines, kiosks and more. Customers can choose to pay for their purchase with digital currencies like Bitcoin, Ethereum, Steem, Dash, Bitshares etc. using BlockPay’s Echo wallet application. BlockPay suite also supports payments from wallets like Mycelium, Jaxx, Circle and Dash.

The actual public ICO is set for early 2017 and it is being organized in cooperation with OpenLedger decentralized exchange platform, ICOO and CCEDK ApS – a Danish company specializing in bootstrapping startups.