Business

Postmates founder Bastian Lehmann launches crypto startup

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According to local news outlet FinanceFWD, German entrepreneur Bastian Lehmann is making a move into the crypto industry by founding a new startup called TipTop Labs. Though details surrounding the company remain unknown, the website states that the company seeks to provide “consumer finance solutions for an emerging internet.”

On its careers page, it looks like TipTop Labs is hiring a blockchain engineer whose primary responsibilities will be to “create protocol components that integrate across different blockchain systems” and “the design and architecture of core protocols and tokens.” lead”. The company has been registered in the state of Delaware since February. On his Linkedin page, Lehmann states that he is the current founder of a “stealth startup”.

Lehmann founded the food delivery company Postmates in 2011. In December 2020, Uber acquired Postmates for $2.65 billion in an all-stock deal. By that time, Postmates had grown to 80% of households in the United States, with more than 600,000 restaurants listed on its delivery and takeout platform.

Cointelegraph previously reported that Chinese food supplier Meituan Dianping is joining the country’s central bank’s digital currency efforts. Around the world, Grubhub allows its users to earn rewards in Bitcoin (BTC) as part of its partnership with Lolli. Meanwhile, the city of Liverpool has expressed interest in a blockchain-powered food delivery platform built on top of the Fuse blockchain.

As of this writing, it is unclear whether Lehman’s Tiptop Labs company intends to integrate crypto payments or solutions into the Postmates platform, or whether it is a separate, standalone blockchain-related startup.