Fort Collins-based cryptocurrency startup closes $3M seed round

FORT COLLINS — Radar Relay, a startup that lets cryptocurrency users securely post and exchange their money online, has closed its seed round of $3 million.

Radar Relay, started by former Innosphere employee Alan Curtis, uses blockchain — the database storage technology that has made cryptocurrency such as Bitcoin possible — to create a better platform for exchanging cryptocurrency.

Just like there are centralized online foreign currency exchanges, a crop of exchanges for digital currency has appeared.

Much like banks, these exchanges — such as the San Francisco-headquartered, 200-person Coinbase, recently accused of insider trading…