Snapcard CEO: Developing Countries Care About Bitcoin, Not Blockchain

One of the longest-standing questions in the Bitcoin community has been where the technology will take off first. Some have said that Bitcoin makes much more sense in the developing world, while others claim developed nations like the United States have the sort of tech savvy and wealthy population necessary to give this new technology a boost. While it’s unclear where Bitcoin will find its place in the daily lives of an entire nation first, Snapcard Co-Founder and CEO Michael Dunworth seems convinced that there is plenty of potential for the peer-to-peer digital cash system in Brazil. In....

Online startup snapCard wants to make it easier to use bitcoins online by skipping merchant integration altogether. SnapCard users can purchase items from major retailers, even if their e-commerce platform doesn't accept bitcoin. Users can also avoid logging into a retailer's website. Michael Dunworth, snapCard's co-founder, said: "We want to make the shopping process as easy and fast for bitcoin users as possible." SnapCard offers a bookmarklet that users can click on when they visit a product's page. The bookmarklet automatically grabs information from the product (like price and....

Snapcard, a cryptocurrency payment processing company, has announced integration with Wix.com. Wix.com is a very large cloud-based web development platform that allows users to create websites using HTML5 through drag-and-drop tools. Snapcard utilizes a simple drag and drop tool that allows users the ability to purchase anything on the internet using digital currencies. By partnering with Wix.com, Snapcard's widget can be used on websites created on wix.com with a few simple steps. Currently, over 53 million websites have been built using wix.com, and each one of these websites will be....

SnapCard has announced a $1.5m seed round led by noted bitcoin investor Tim Draper. Launched in November 2013, snapCard has long offered a browser plugin that enabled consumers to purchase items from major e-commerce platforms that don't currently accept bitcoin. However, the investment marks its emergence from four-to-five months of relative quiet and under-the-radar development. The funding round coincides with snapCard's launch of its own digital currency payment processor that will allow merchants the ability to accept bitcoin, popular altcoins such as litecoin and dogecoin, and XRP,....

Some great news coming today from SNAPCARD's camp. The company - which, to date, has allowed users to spend bitcoin virtually anywhere online via a browser plugin (SNAPCARD says users from 40 countries have used their services on over 2,000 websites) - has announced that they have raised $1.5 million in seed funding in a round led by Timothy Draper and Insikt Capital. Other investors that took part in the round include Crypto-Currency Partners, Great Oaks Ventures, BoostVC, and other Silicon Valley angel investors that have helped shaped popular companies like Square, Twitter, Facebook,....