“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:
Republican Party of Texas Backs Marijuana Decriminalization
Detroit Bus Co. moving in the right direction
Hedge funds selling gold 'in a big way'
8-child family defies China’s one-child policy
W.V. Supreme Court justice faces 395 years behind bars in federal fraud case
Urban farming springs up on rooftops in hyper-crowded Hong Kong
Judge: California can force-feed inmates on hunger strike
Protesters block another Google bus, plan march against evictions
Chelsea Manning files bid for Obama pardon
Sandy victims furious as FEMA troubles begin to build
Welcome to the Future: Congress Takes on 3-D Printing
Merkel's party opposes Europe referendums, German lawmaker says
Venezuela struggles to attract tourists
Russia and Mongolia Mull Creation of Free Trade Zone
If Congress says no, can Obama strike Syria?