“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:
Renters to thank for healthier housing market
Bitcoin drive gains currency in Germany
Australian postal workers who send porn from work e-mail will no longer be sacked
After QE failure, BOJ's Kuroda says no plan to ease policy now
Russian army unit fires on school during ‘anti-terrorist’ operation
Samaritans in Taiwan turn plastic junk into items for the needy
Meet 'Bitcoin Jesus,' a virtual currency millionaire
European Car Sales Fall to 20-Year Low Amid Unemployment
Utah launches new federalism commission to push back Washington
In Jungle Long Known for Cocaine, a Rare Nut Is Now All the Rage
Breakable, Barterable Bullion: The Gold Bar You Can Carry In Your Wallet And Use As Money
Kerry renews $1.3 billion aid package for Egypt
Obama-led drone strikes kill innocents 90% of the time: report
China signals will cut off credit to rebalance economy
Proposed U.S. law could be a Snowbird tax timebomb