LEADING WALL STREET COMPANIES INVESTED $30 MILLION IN BITCOIN STARTUP

Leading Wall Street companies such as i LEADING WALL STREET COMPANIES INVESTED $30 MILLION IN BITCOIN STARTUP ncluding Visa, Nasdaq etc invested $30 million in Bitcoin startup from San Francisco. This startup (Chain Inc.) helps developers to create Bitcoin application by rapid access to the blockchain to trade and transfer financial assets within speedy and relatively cheaper mechanism to record and store transactions. Besides, Wall Street companies are experimenting in non-financial assets such as smart contracts, public record keeping, etc.

Chain Inc. is not the only companies that are working on integrating Bitcoin technology into finance sectors. For example, ex-JP Morgan exec Blythe Masters had also agreed to head a Bitcoin startup.

“We believe in the power of block chain technology to transform how financial assets are transferred, but it has to be done with the right partners to insure it gets off the ground,” Adam Ludwin, CEO of Chain, told in an interview.

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BITCOIN TIPPING SERVICE ACCEPTS VISA AND MASTERCARD CARDS

The decision from the company is expected to encourage the new users as it will help them do easy and fast recharge of their accounts. With the addition of the new payment option, ChangeTip will also get new customers.

Victoria van Eyk, the ChangeTip head of community informs that "users could previously use credit cards to make Bitcoin purchases through Coinbase, the company has added additional payment options". According to her the addition of a direct credit card purchasing option will remove added friction from the wallet top-up process. She was quoted saying that the idea is to make buying Bitcoin really easy, so the company decided to create an option where users can do it right on the website. The company according to her wants to provide the smoothest end-to-end experience. Interestingly, credit card users are restricted on how much Bitcoin they can purchase with the service.

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