RATE Group | Roger Ver’s Bitcoin.com acquires Japanese blockchain development startup O3 Labs
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Roger Ver’s Bitcoin.com acquires Japanese blockchain development startup O3 Labs

21 Oct Roger Ver’s Bitcoin.com acquires Japanese blockchain development startup O3 Labs

Posted at 09:58h in Bitcoin News by

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Bitcoin.com, the firm backed by cryptocurrency investor Roger Ver, today announced that it has acquired Japanese blockchain development startup O3 Labs. The two firms did not disclose the price of the acquisition.

O3 Labs has previously built applications for the NEO and Ontology blockchain networks. With this acquisition, it will now build mobile apps for Bitcoin.com, using the Bitcoin Cash network, to help them offer financial services.

“We look forward to accelerating services in our mobile applications serving anyone in the world with an internet connection, regardless of nationality, socioeconomic status, or access to traditional finance,” said Bitcoin.com CEO Stefan Rust, who took over the role in August from Roger Ver, who then moved on to the role of executive chairman.

Under the terms of the acquisition deal, O3 Labs staff will get absorbed into Bitcoin.com, per the announcement. O3 Labs has six members listed on its website, including two co-founders. It is not clear…

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