“Seven months ago, Fred Ehrsam pitched his bitcoin-based startup Coinbase to more than a dozen Silicon Valley investors. Ehrsam got more than a few blank stares. He spent most of his time explaining the concept of peer-to-peer currency, which is emerging as the world’s default platform for digital money, than he did describing his plans for the company itself. So, he and his co-founders turned to the Chinese, specifically, to IDG Ventures. To the Beijing-based venture capitalists, the PayPal-like service for buying, selling and accepting bitcoins was a perfect fit.”
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
Emerging market rout threatens wider global economy
Western powers to offer easing gold sanctions at Iran nuclear talks
Bitcoin’s Big Year and Uncertain Future
Inside the crypto bro fest that took over New York City
Senate power shift to GOP brings sterner tone to foreign policy debate
Russia Rebounds, Despite Sanctions
Afghan customs fines hike cost of U.S. military pullout
India's war on gold fails to protect the rupee, which keeps plunging
China stocks up after circuit breaker rule axed, yuan fixed higher
Democratic establishment unmasked: prime defenders of NSA bulk spying
Weapons made with 3-D printers could test gun-control efforts
Gold flows from Britain to Switzerland surge in first half
Why 'Government' and 'Competent' Are Antonyms
Several Swiss banks pull out of US tax settlement programme
Bored With Banking, This Former Citi Trader Went Full Crypto