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New Funding for Crypto Exchange
The round of financing was led by Index Ventures and included participants such as Horizons Ventures, Founders Fund, Felicis Ventures, RRE Ventures, TTV Capital, Sir Richard Branson and AME Cloud Ventures.
Index Markets’ Jan Hammer and a representative of the original investment group, Jimmy Furland, will join the board of Bitpay. Index indicated on its website:”At Index, we’ve been following this exciting [bitcoin] phenomenon since its earliest days, especially from the perspective of crypto-elegance, but since trade is not our strength, we watch the ecosystem expand and evolve as we try Find out how we as investors invest in this fast-moving phenomenon. “
With the help of Bitpay, Index Ventures has been able to invest in an already established and reliable Bitcoin-based company. The company sees Bitcoin as an important part of the internet.
Bitpay proves how popular it is with companies like WordPress, TigerDirect, Shopify and even Richard Branson’s spaceflights. To add to the awards, Bitpay is developing open source projects around Bitcoin, such as Bitcore, Insight and Copay.
“Bitcoin is a limitless and smooth payment system that is turning around in terms of merchant adoption, unlike existing payment technologies such as high-cost credit cards and the risk of fraud and chargeback, Bitcoin has been designed for the Internet age and provides businesses with one cheaper and safer alternative. “
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