RATE Group | MyCrypto raises $4 million to simplify cryptocurrency wallets
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MyCrypto raises $4 million to simplify cryptocurrency wallets

30 Aug MyCrypto raises $4 million to simplify cryptocurrency wallets

Posted at 13:18h in Cryptocurrency News by

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MyCrypto, an open source interface that simplifies the process of storing, sending, and receiving digital assets, today announced it has raised a $4 million round, led by Polychain Capital. MyCrypto provides a suite of tools that help users create new wallets and buy, sell, or exchange virtual currencies.

Other investors include Boost VC Fund 3, ShapeShift, Mainframe’s Mick Hagen, Chance Du (Coefficient Ventures), Ausum Blockchain Fund, early Dropbox employee Albert Ni and Earn cofounder Lily Liu (4T Global). With the money, MyCrypto aims to build a mass consumer-friendly gateway for cryptocurrency users.

This round of funding comes as the blockchain and cryptocurrency industry is booming. Almost 22 million Bitcoin wallets have been set up globally to date. And the blockchain market is expected to grow to more than $7.6 billion by 2022. Based on data from Etherscan, the number of unique Ethereum addresses surpassed 41 million this month.

In an effort to make it easier…

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