Bitcoin VC Investments Now Targeting Emerging Markets
While the success of cryptocurrencies has been much highlighted in developed countries in 2013, 2014 is certainly the year when digital currencies will embrace emerging markets. One of the most important factors that indicate the growth of an industry is the amount of venture capital raised by its companies and startups. In 2013, Bitcoin startups raised a total amount of US$88m, which is 40.9% higher than 2012, as reported by CoinTelegraph. Last year, among the 5 biggest VC investments in Bitcoin startups, only one was a non-American company. In November, Chinese Bitcoin exchange BTC China....
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The survey found that the vast majority of investors in APAC and LATAM emerging markets are eager to get more crypto because they believe in its long-term growth trajectory. A recent survey has revealed that a whopping 75% of investors in Asia-Pacific and Latin American emerging markets are looking to increase their exposure to cryptocurrency investments.Researchers from consumer sentiments firm Toluna surveyed 9,000 people from 17 countries to complete the report released in February which found that more investors in APAC and LATAM emerging markets believe cryptocurrency investments are....
A VC company founded by former Binance employees, Old Fashion Research, has announced the launch of a new crypto fund in the midst of the current downturn the market is facing. The fund, which will have $100 million at its disposal, will focus resources on metaverse investments and in carrying crypto projects to emerging markets in areas such as Latam.
Old Fashion Research Launches $100 Million Fund
Some companies are still putting funds into cryptocurrency projects, and are optimistic about the future of the industry even with the recent slump that some economies —....
Social messaging applications play an important role in our daily lives, and several companies are targeting developing markets in order to build a large user base. Line, Japan’s most popular social messaging application, has introduced their Line Lite app and made it available to eleven emerging markets. Facilitating payments is just one of the many features available, and Bitcoin could prove to be an interesting candidate. Line – Social Messaging, Mobile Payments & Much More. When people talk about social messaging platforms, the usual suspects such as Facebook and iMessage come to mind.....
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.