“Asia’s richest businessman Li Ka-shing has invested in BitPay, the digital currency equivalent for PayPal, through his venture capital arm Horizons Ventures. A spokeswoman for Horizons Ventures declined to comment on the details of the investment. Bitpay said it was ‘fortunate to have the benefit of many supportive investors, including Horizons Ventures.’ BitPay, founded in May 2011, currently handles transactions for 14,000 companies across 200 countries. About half of the transactions take place in the United States, 25 per cent are in Europe and 25 per cent in the rest of the world. Asia is among the top regions where BitPay is signing up new companies.”
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