French Telecom Giant Orange to Invest in Bitcoin Startups

Bitcoin payroll service Bitwage is joining six other startups as part of an incubator backed by French telecom giant Orange SA. The startups represent the fifth class of startups included in the Orange Fab incubator, which began operations in 2013. Companies that take part in Orange's incubator, according to the firm's 5th November announcement, will work with mentors, receive hands-on training and conduct business out of a San Francisco workspace owned by Orange Silicon Valley (OSV), the telecom's US-based outfit. Bloomberg reported earlier this year that Orange was looking to invest in....

While several companies are trying to bring Bitcoin to mobile payment systems, one of the world’s biggest telecom providers has plans to invest in Silicon Valley’s Bitcoin startups. Orange SA, France’s leading telecom provider, and worldwide brand name, has grown fond of the technology powering digital currencies and wants to see how it can benefit its products in the future. Early Adopter Phase For Blockchain Technology. One of the things you have to admire is that a major brand such as Orange SA is looking past the Bitcoin’s volatile price and is focusing on the important bit. Many....

The Silicon Valley division of global telecommunications giant Orange is planning to invest in the bitcoin space. Orange Silicon Valley (OSV), which lists cryptocurrency as one of its main focus areas, is looking to spend up to $20,000 per startup and is currently in talks with two bitcoin companies, according to Bloomberg.

Bitcoin seems to have cultivated a habit, and it's definitely a good one - to attract bigger and better names into the industry. After several banks and tech giants announced their foray into the Bitcoin ecosystem, a telecom giant has become interested in the technology behind the disruptive digital currency which has forced the world to stand up and take notice. Orange SA is reportedly looking to invest in Bitcoin start-ups in the coming months. Georges Nahon, the Chief Executive Officer of Orange Silicon Valley said, "There's something intriguing in this technology, so we want to be....

Blockchain technology startup Chain has raised $30 million in new venture funding, drawing funds from financial services companies including Capital One, Fiserv and Visa. French telecom giant Orange SA contributed to the round, months after disclosing that it was looking to invest in bitcoin startups, as did Nasdaq, which has been working with Chain, and Citi Ventures. RRE Ventures, Khosla Ventures, Thrive Capital and SV Angel - existing investors of the firm - also took part, as well as former Bank of America CEO David Coulter, X Prize Foundation CEO Peter Diamandis and MongoDB co-founder....