Bitcoin Wallet Provider AirBitz To Receive Seed Funding By Block26

Bitcoin wallets for mobile devices are easy to come by these days, due to the vast catalog of available options.   And more and more developers and companies are releasing their own mobile Bitcoin wallets on a regular basis.   But there are only a handful of truly popular mobile Bitcoin wallets, and AirBitz is one of them.   With a recent cash injection worth US$450,000; the future’s looking bright for AirBitz.

AirBitz – A Successful Mobile Bitcoin Wallet With Interesting FeaturesAirBitz

If you are looking for a comprehensive guide of why AirBitz has become such a popular Bitcoin wallet for mobile users, you might want to check out this article.  But to give our readers the short version: you are not relying on AirBitz’s own servers to access your wallet and broadcast transactions.  Even if the company’s services should shut down completely, the mobile wallet will remain operational at its full capacity.

Additionally, the AirBitz team has been adding quite a lot of functionality in recent months, such as support for Bluetooth LE transactions.  Rather than relying on an internet connection – either through Wi-Fi or mobile data – AirBitz users can send wireless Bitcoin payments by using Bluetooth 4.0 connectivity.

By making mobile Bitcoin payments more accessible and convenient to use for everyday users, AirBitz is tackling an important problem which slows down global Bitcoin adoption.  Most non-tech savvy people struggle with the concept of using their mobile device as a way to pay for goods and services, especially when it comes to digital currency.

Overcoming that issue has proven to be relatively easy for AirBitz, as the company includes a business directory in their mobile Bitcoin wallet app.  This business directory gives users an overview of where they can spend – or buy, if there is an ATM – Bitcoin and get accustomed to how digital currency works.

VC Firm Block26 Invests In AirBitz

It should come as no surprise to find out that AirBitz has attracted quite a lot of attention in recent months.  Block26, a new venture capital firm eyeing the evolution of blockchain technology, will be leading a round of seed funding for AirBitz.  If all goes according to plan, this round of seed funding will raise a total of US$1.25m for the mobile Bitcoin wallet provider. Block26 kicked off the round of funding themselves by pledging the sum of US$450,000.

“Airbitz is tremendously honoured to have Block26 as our partner and lead investor.  Their core focus on bitcoin, blockchain, and decentralized technologies is perfectly inline with the DNA of Airbitz founders.  Block26 brings incredible experience in building highly tuned team dynamics and they see the value in people, companies, and industries that aren’t afraid to disrupt the status quo.  We look forward to building a decentralized world with their passion and support at our side.” – AirBitz CEO Paul Puey told the media.

At this time, it is unclear as to who else will be partaking in this round of seed funding, and how long it will take until the expected amount of U$1.25m will be reached.  One thing’s for sure though: the mobile Bitcoin wallet business is booming like never before, and the amount of VC funds flowing to Bitcoin companies keeps getting bigger.

Source: Press Release via Email

Images courtesy of AirBitz and Shutterstock