RATE Group | New Zealand Invests in Crypto Trading Platform, CEO Says Bitcoin Will Be Worth $600,000
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New Zealand Invests in Crypto Trading Platform, CEO Says Bitcoin Will Be Worth $600,000

31 Oct New Zealand Invests in Crypto Trading Platform, CEO Says Bitcoin Will Be Worth $600,000

Posted at 23:48h in Bitcoin News by

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The government of New Zealand has backed a local crypto savings and trading platform with $330,000 to expand its reach.

Crypto Savings Firm Vimba Raises $330,000 from New Zealand Government

Vimba, formerly known as MyCryptoSaver, originally founded as MyBitcoinSaver in 2014, is focused on crypto savings with a service that allows users to put their money into Bitcoin in small weekly amounts. Through the government’s innovation arm, Callaghan Innovation, it is backing the Auckland-based startup.

Sam Blackmore, CEO of Vimba, said the government’s investment will be used to build crypto wallets and to expand the digital currency offering on the platform, Scoop reported.

“This is a truly significant investment from Callaghan Innovation and a real show of faith in the future of this very exciting asset class,” Blackmore said. “The money will go towards new key features for our expanding service. We will use it to build secure multi-signature crypto wallets for our users and…

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