Satoshi Citadel Industries (SCI) has acquired the bitcoin-powered Keza app which allows users to invest in mainstream U.S. stocks, and has relaunched it.
The Keza app closed in April shortly after launching, CCN reported. The project had received $357,000 in funding backed by Digital Currency Group and Jason Calacanis of HOF Capital. Keza also promised an application for the growing remittance market since it offered a tool for cross-border payments and remittances.
SCI Welcomed Keza Early On
SCI saw a need for an easy and secure way for people to invest in stocks using bitcoin. There were numerous bitcoin-related investment websites, but many were not legitimate, causing people to lose money.
When Keza launched in early 2016, SCI welcomed and supported it. SCI believed Keza’s simplicity and appearance gave it a lot of potential.
Keza Shuts Down
Within a few months, Keza advised SCI it needed to return