digitalBTC Raises $3.5 million AUD to Launch AirPocket

digitalBTC Raises $3.5 million AUD to Launch AirPocket

Digital BTC, an Australian Bitcoin company that is publicly traded on the Australian Securities Exchange (ASX) as Digital CC Limited has secured a $3.5 million AUD funding round by a group of institutional and individual investors to launch a remittance-focused product, AirPocket. CEO and founder Zhenya Tsvetnenko specifically explained that the funds....


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Australian Bitcoin Company Raised $3.5 Million AUD in Funding

An Australian bitcoin company called digitalBTC was able to secure $3.5 million AUD in funding to launch its newest product, AirPocket. This will be a remittance-focused product set for beta release in June this year. The funds were garnered from a group of institutional and individual investors, as the company only sought to raise $3 million AUD initially. Increased demand resulted a larger sum of $3.5 million AUD, allowing the company to raise its holdings to more than $6 million AUD. In particular, digitalBTC holds net assets worth $6.87 million, in which over $740,000 are bitcoins and....

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The remittance market is a key area where Bitcoin and digital currency could make a splash. Sending money overseas to family and friends is pretty expensive these days, and the remittance space is dominated by a handful of players. But that isn’t stopping Australia-based DigitalBTC from distributing a remittance product of their own. DigitalBTC – Digital Payment Solutions. When it comes to processing digital payments, DigitalBTC is not the new kid on the block. In fact, did you know that DigitalBTC is a publicly traded company on the Australian Stock Exchange under the name “Digital CC....

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