Barry Silbert Leads $250k Investment in Mexican Bitcoin Exchange Volabit
Mexico-based bitcoin exchange Volabit has received $250,000 in new funding, an amount the company says will be used to further establish itself in the digital currency market. The capital comes from Bitcoin Opportunity Corp, a investment vehicle headed by SecondMarket and Bitcoin Investment Trust CEO Barry Silbert. Speaking to CoinDesk, Silbert said that he is confident Volabit can gain the users it needs to target the country's underserved consumer market, and that his firm's investment is a reflection of this belief. Silbert told CoinDesk: "Through the use of bitcoin, Volabit has the....
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Mexican bitcoin exchange Volabit has received a significant investment, a new report from bitcoin news website CoinDesk indicates. The $250,000 funding comes from the Bitcoin Opportunity Corp., an investment firm led by SecondMarket and Bitcoin Investment Trust CEO Barry Silbert. Silbert sees potential in the exchange, and according to CoinDesk, is confident that the exchange can attract a significantly underbanked market in Mexico. "Through the use of bitcoin, Volabit has the potential to radically transform the US-Mexico remittance corridor, one of the largest money transfer corridors in....
Barry Silbert and his Bitcoin Opportunity Corp. is at it again. This time around, Silbert is reported to have invested a whopping $250,000 in a Bangalore, India-based bitcoin start-up called Unocoin. It's one of a few investments Silbert has made in recent history in the sector, which includes $250,000 in Mexican bitcoin exchange Volabit, and another $250,000 in Swedish bitcoin services company Safello. With interest in bitcoin and other digital currencies in India rising, it's prime territory for an investor. Not only for investors, though, it's an excellent opportunity for the Indian....
Bitcoin exchange and merchant payment processor Unocoin has closed a $250,000 funding deal with Barry Silbert's Bitcoin Opportunity Corp. The Bangalore-based company has come a long way since launching in December 2013. After dealing with initial uncertainty surrounding local regulation of digital currency businesses, it has grown into one of India's most popular bitcoin gateways. Silbert told CoinDesk: "I believe that Unocoin has the potential to become the leading bitcoin company in India for buying, selling and storing bitcoin, as well as merchant processing. As an early investor in....
See the announcement here. Barry Silbert sends out a teaser tweet. Founder and CEO of SecondMarket Barry Silbert, took to Twitter on Wednesday evening to tease his followers. Barry Silbert tweeted that he will be sharing some interesting news about the Bitcoin Investment Trust, the next day. Excited to share some @BitcoinTrust news tomorrow... The Bitcoin Investment Trust has received a great deal of interest since its announcement in September of last year, allowing accredited and institutional investors to be exposed to the bitcoin realm sans having to deal with buying, storing, and....
The Mexican bitcoin exchange Bitso which was recently in news for the acquisition of its competitor Unisend Mexico has emerged much stronger in the Mexican bitcoin market with the closure of its seed funding round. The company has raised money from Bitcoin Opportunity Corp., an investment fund backed by well-known entrepreneur and Bitcoin investor Barry Silbert. Few undisclosed angel investors have also invested in Bitso along with Bitcoin Opportunity Corp. The potential for bitcoin market in Mexico is huge with estimated inward remittance of over $22 billion in the year in 2013 alone.....