FuturePerfect VC: Emerging Markets are Bitcoin's Best Bet
The biggest opportunities for bitcoin and the blockchain lie in their ability to disrupt emerging economies, according to FuturePerfect Ventures founding partner Jalak Jobanputra. The New York-based firm has emerged as an active investor in companies in the sector, so far participating in funding rounds for Abra, BitPesa, Blockchain, Blockstream and Case, two of which are among the largest so far in the industry's history. Going forward, Jobanputra says FuturePerfect is actively looking to invest in post-seed companies raising rounds of $1m-$5m in a bid to scale their efforts. However,....
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Venture capitalist firm FuturePerfect cited that bitcoin could see very strong growth in the emerging markets. According to FuturePerfect Ventures founding partner Jalak Jobanputra, both bitcoin and blockchain technology hold tremendous potential to disrupt current financial operations in these nations. The venture capitalist firm has already been heavily invested in the cryptocurrency and its underlying technology, as FuturePerfect has participated in funding rounds for Abra, BitPesa, Blockchain, Blockstream and Case. The Bitcoin Potential. Jobanputra has spent some time in Africa....
Jamie Anderson, a managing principal at Tierra Funds, seems convinced there is data showing these countries are recovering. At the same time, these inflows are only a drop of water on the boiling plate at this stage. For those people who were dreaming of a cashless future, that situation will not become a reality anytime soon. Emerging markets are suddenly receiving bucketloads of cash, to buy stocks and bonds. Interestingly enough, both emerging markets and developing countries are reaping the benefits of this change. It has to be said, a record amount of cash funds have been flowing to....
After growing in Latin America, the firm wants to bring its micro-loans and stablecoin savings features to other emerging markets.
It is raining investments in the digital currency sector. A number of companies have raised millions of dollars in funding in recent days. Case Wallet Inc. also known as CryptoLabs has recently raised another tranche of seed investment of about $750,000 towards its bitcoin wallet business. Case Wallet Inc. is the manufacturer of Case secure hardware bitcoin wallets. The New York based startup has so far raised seed investment of about $2.25 million, including the earlier $1.5 million raised in June 2015. With the latest tranche of investment, the seed investment round stands closed. READ....
Key differences in the use and development of cryptocurrencies come to the fore as Blockchain Economy Istanbul continues to focus on emerging markets. The proliferation of cryptocurrencies around the world has been driven by different use-cases, with key differences becoming apparent between developed and emerging market environments.Lou Yu, who heads up KuCoin Labs, tackled the subject after a keynote address during the second day of Blockchain Economy Istanbul in Turkey. In an exclusive interview with Cointelegraph, Yu unpacked her experience working with a variety of projects and....