RATE Group | Japanese Sony Corp invests heavily in cryptocurrency platform Bitwala
56485
post-template-default,single,single-post,postid-56485,single-format-standard,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Japanese Sony Corp invests heavily in cryptocurrency platform Bitwala

01 Aug Japanese Sony Corp invests heavily in cryptocurrency platform Bitwala

Posted at 07:27h in Cryptocurrency News by

[ad_1]

  • Sony Financial Ventures participates in Bitwala’s Seriece A investment round.
  • The platform aims to expand its business and add functionality to the platform.

The Japanese corporation Sony and an investment company NKB GROUP led a Series A financing round of the bitcoin banking platform Bitwala. The companies jointly invested 13 million euro (about $14.5 million) in the platform. This financing round marks the largest investment in Germany-based cryptocurrency, according to Bitwala’s statement.

Early investors in the platform – Earlybird and Coparion – were among other participants of the financing round.

The company says that the raised funds will be used to expand the user base and increase staff, as well as to launch corporate Bitcoin accounts.

In December 2018, Bitwala officially launched its updated cryptocurrency service, offering users a single bank account both for Bitcoin (BTC) and fiat currencies.  The partnership with solarisBank will allow the…

[ad_2]

Source link

Tags:
, , , , , , ,