Blockchain payments company Billon Group gets €2 million EU grant

The EU’s biggest Research and Innovation program, Horizon 2020, announced today that it granted funding of almost €2m to Billon Group, under the SME Instrument program, to expand its innovative DLT solutions beyond instant corporate payments, into eCommerce and content monetization solutions.

Billon Group with offices in London and Warsaw, successfully completed proof-of-concept trials of its content monetization solution in 2016 in digitized PLN currency. Billon was awarded the grant on the basis that its distributed ledger technology can exploit the alternative payments market, a market projected to reach $1.4 trillion, larger than global debit and credit card volumes combined (according to WorldPay’s 2016 Payment report).

Billon enables micropayments that were previously unprofitable to be executed instantly, without traditional intermediaries, and with zero underlying variable cost.

Robert Kaluza, Co-Founder, and COO of Billon said:

“Billon’s DLT/Blockchain technology is the first cloud and mobile peer-to-peer solution for everyday currencies using DLT, where we provide PLN and GBP solutions in partnership with banks. Billon now moves beyond solutions to digitally pay people, to now enable participants to spend their funds online.”