Local development corporation Downtown Brooklyn Partnership is holding a business pitch competition among companies in Brooklyn and a bitcoin startup is included in the mix. The prize money of $50,000 will come from Partnership co-chairs MaryAnne Gilmartin, president and chief executive of Forest City Ratner Cos., and Bre Pettis,founder of 3-D-printing company MakerBot.
Nearly 70 startups joined the competition and the finalists are set to give short speeches and answer questions from the judges for four minutes.
Brooklyn-Based Bitcoin Startup
“I’m sharpening up,” said Joswell Valdez, co-founder of the mobile app sync.cr, “Four minutes is long, you know? They could give you some tough questions.”
This mobile app allows for the delivery of bitcoin through social media accounts like Twitter, Facebook, or Instagram. According to Valdez, the app will be particularly useful for sending payments between countries with different currencies.
The app features a simple interface which allows the user to link social networks with a bitcoin wallet. With that, the user can be able to form business circles that are interested in bitcoin transactions and