South Africa's Internet Giant Leads $4 Million Raise for BitX
Multinational bitcoin platform BitX has raised $4m in a round led by South Africa's third largest company, the Naspers Group. The investment, announced today, was made via the Internet giant's global payments subsidiary, PayU, alongside Barry Silbert's Digital Currency Group. As part of the deal, James Caviness, PayU's chief product officer, will join the board of directors at BitX. In a statement, he said: "We see a bright future for cryptocurrency across a number of industry verticals, and with BitX's strong management team and solid track record, look forward to leveraging Naspers'....
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Werner van Rooyen, head of Business Development and Growth at Bitx, the biggest Bitcoin exchange in South Africa in terms of user base and average trading volume, speaks with Cointelegraph about the penetration of Bitcoin in South Africa. Cointelegraph: How would you evaluate Bitcoin demand in South Africa? Werner van Rooyen: The demand for Bitcoin is based on the potential that the cryptocurrency has; either as an improved payment technology (means of payment) or as an alternative asset class (storage of wealth). CT: Could you paint a vivid picture of the Bitcoin Start-up landscape in....
BitX is delighted to report their $4M Series A funding round led by the Naspers Group, through PayU (Naspers Group's payment subsidiary). Also in participation at the round, was their long term investor, Barry Silbert's Digital Currency Group. Major growths and engagements have been experienced across the markets BitX operate in over the past 12 months, and as a result, their platform is now available to more than half a billion consumers - cut across strategic markets in Africa and Southeast Asia. As a result, BitX now has the biggest market footprint of any cryptocurrency company in the....
BitX has launched services in Nigeria, a move that will enable local users to access the company's bitcoin wallet, exchange and API services. The announcement comes roughly six months after the emerging markets-focused bitcoin services provider launched in Indonesia. Both countries had been on BitX's list of planned markets since April 2014. BitX CEO Marcus Swanepoel expressed his optimism that Nigeria would soon become one of the company's leading markets due to its "fast-growing" and "highly entrepreneurial economy". Swanepoel said: "We've been inundated with requests for bitcoin....
Singapore-headquartered Bitcoin exchange BitX has raised a US$4 million in its Series A funding round led by the South African media firm Naspers through its payments subsidiary PayU. BitX provides a bitcoin wallet, an exchange, merchant integration and APIs to businesses and consumers across the world, allowing faster and cheaper money transfers, buying online, and trading and storing of bitcoin. It has built up a sizeable presence in Southeast Asia and Africa, with offices in Jakarta and Cape Town, and has had a busy month, having launched operations in Nigeria two weeks ago. The company....
BitX, a Singapore-based, global cryptocurrency platform, has raised an undisclosed sum of funding from Venturra Capital, a Jakarta-based venture fund. Venturra joins an investor group that includes Barry Silbert's Digital Currency Group and The Naspers Group, a South Africa-based global platform operator and investor. BitX raised $4 million USD in July in its series A round, according to techinasia.com. Naspers Group and the Digital Currency Group led the round. Bitcoin Wallet And Payment Solutions. BitX provides mobile wallets, institutional quality exchanges and APIs for business....