Bitcoin exchange BitX has announced a US$4 million Series A funding round lead by the Naspers Group; the team behind the Bitcoin fueled peer-to-peer marketplace OpenBazaar has indicated it plans to launch their platform by November of this year, and more top stories for July 21.
BitX Raises US$4M in Series A Funding
Bitcoin exchange BitX has announced a US$4 million Series A funding round lead by the Naspers Group, through their payments subsidiary PayU. According to BitX, the company now has the largest emerging market footprint of any cryptocurrency company, as the platform is available to over half a billion consumers spread across Southeast Asia and Africa.
On its blog, BitX writes:
“In order to help facilitate this growth and continue to deliver on our promise of providing high quality Bitcoin products and services to our customers, it was important to raise more capital from quality partners. Naspers backs some of the most successful internet companies of our time, and with their unrivaled experience and networks in all the key high growth markets around the world, we couldn’t have wished for a better partner to continue this exciting journey with.”
Deloitte to Work with Australian Bitcoin Lobby on Regulatory Changes
Deloitte has Read more ... source: Cointelegraph