Ones to Watch

Ones to Watch: Moon Zebra

Moon Zebra was founded in 2017 by Jonas Abrahamsson, Giulio Puglisi, Leon Siegmund and Markus Behmann. The company officially launched a two-way cryptocurrency ATM in Sliema in July 2018.

What is it?
Moon Zebra Ltd. is a Maltese company specialising in blockchain and cryptocurrency payment services such as physical cryptocurrency ATMs. With the Moon Zebra ATM one can buy and sell cryptocurrencies such as Bitcoin and Litecoin at competitive rates. We at Moon Zebra allow you to do everything with the comfort and security of a vending machine.
How is it funded?  
Moon Zebra was funded by the founders and has now completed a successful pre-seed funding round with an international VC investor, valuing it at around 1.1 million Euro.

What trends are influencing the industry? 

The blockchain and cryptocurrency industry is a fast moving space, charaterised by early-stage technology and increasingly tough regulation from governments and crackdowns by banks. The whole blackchain space experienced a hype in 2017, with many people entering the industry without fully understanding the underlying technology, simply trying to hop on the bandwagon to make a quick buck. Now in 2019, these people and organisations largely left the industry, allowing the blockchain space to focus again on developing technology rather than dealing with an unsustainable investment hype. 

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What are the challenges and opportunities within the sector?

Blockchain is a great technology with many possible ways of application. However, it is still in the very early stages of development, which means the full potential of it will only become accessible and understandable in a few years or even decades. The current blockchain and cryptocurrency space can be compared to the internet in 1995. The risk of over-regulation by governments in the future, as well as the current crackdown by banks on everything that has even remotely to do with blockchain and cryptocurrencies, are the greatest challenges the industry is facing. 

What are your plans for the future? 

We obviously cannot disclose all plans, but apart from becoming the first licensed cryptocurrency ATM company in the world, we are currently working on more features for our ATMs by implementing ERC20 token support, expanding our network and possible physical vendor payment solutions.

Why Malta? 

When we founded Moon Zebra, all of us were based there. That's why we chose Malta. Seeing how Malta transformed into a magical blockchain island under the lead of Parliamentary Secretary for Financial Services, Digital Economy and Innovation Silvio Schembri, we are very lucky to be able to call Malta home. Malta has a very tight-knit business community, making networking and investments based on trust a lot easier and faster. If you add to it the great weather and the fact that the island is well connected, Malta becomes the perfect location. The institutions have already noticed that blockchain and cryptocurrency companies are not enemies but strategic allies, and once the banks follow, Malta will experience another boost in foreign investment and technological breakthroughs.

Learn more about Malta's Blockchain and DLT Sector



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