Netki Raises $3.5 Million to ‘Humanize’ Bitcoin

Netki, the Bitcoin wallet name service has successfully raised $3.5 million in seed funding from a group of investors. Netki has been simplifying Bitcoin wallet addresses for a while now. In the coming days, it may start doing much more than that as it successfully raised over $3.5 million in seed funding from some of the leading investors in the market. The report on Netki’s successful fundraising names O’Reilly AlphaTech Ventures as the lead investor with Bitfinex, Colle Capital, Digital Currency Group, Donuts, Husseini Group, Plug and Play and Tom Turney pitching in as well. The company....

With most of the energy in bitcoin focused on infrastructure issues, creating a more user-friendly environment for new users arguably hasn't been top of mind. However, this isn't stopping startups from moving ahead on this objective. Toward this goal, digital identity startup Netki has announced it has raised $3.5m in a seed round led by O’Reilly AlphaTech Ventures (OATV). Joining the round was domain name provider, Donuts, Colle Capital, The Husseini Group, Digital Currency Group, Bitfinex, Plug and Play, Base Ventures and Tom Turney. In an interview, Netki CEO Justin Newton, explained....

If there's one thing Bitcoin doesn't need, it's to be more complicated. By adding a new data layer on top of the blockchain, some believe Factom to be doing just that, introducing features a small minority of the population will understand. Their latest partnership with Netki is an attempt to address the issue. Most of Factom can run in the background out of sight, but Factom addresses are still around 70 characters long. Now they'll be a simple username. The Netki Wallet. Netki's slogan is "Making Digital Currencies Human." It lies on the outermost layer of the blockchain, where....

Netki, a service aimed to simplify bitcoin payments, has officially released a beta of their Google Chrome browser extension, allowing customers to use email-esque Wallet Names such as 'wallet.justin.me ' instead of lengthy 32 character public addresses. Netki users can now enter their Wallet Name anywhere on the web, and the extension will automatically replace the name with the appropriate public wallet address. They currently support bitcoin, litecoin, dogecoin, Factom (Factoids and entry credits), and Ether, among others. Their new extension will allow Netki users to maintain their....

One of the main issues that has slowed the adoption of Bitcoin as a currency and payment system has been the complexity of Bitcoin addresses. The blockchain lacks the human-friendly names normally found with websites and email addresses, which can make sending payments a rather cumbersome process. Netki wants to help people move away from confusing Bitcoin addresses, such as 15eA82FZLogpSb8nkQ5h5qaF3QNEwSeyCm, toward human-readable names such as kyletorpey.tip.me. Any bitcoin user would be able to send bitcoin to anyone else as easily as a Gmail user can send an email to someone using a....