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Friday 19 February 2021

Blockchain.com banks some "old-fashioned" cash

BLBlockchain.com, the specialist exchange for crypto assets, and digital wallet provider, has successfully raised $120m in funding. The latest cash injection was provided by a variety of technology investors including Google Ventures, Lakestar and Lightspeed Venture Partners.

Founded in London in 2011, Blockchain.com has ridden the peaks and troughs associated with DLT and the crypto-market. The company claims that, in that time, close to one-third of all Bitcoin transactions have been facilitated by its platform, meanwhile the company has been used to open 65m crypto wallets.

Blockchain.com is one of the companies at the forefront of the current surge in interest in crypto, with institutional investors and national governments increasingly embracing the concept of digital assets. Meanwhile, the role of DLT/blockchain technology is becoming increasingly prevalent within mainstream financial markets (see: OCC ruling set to make 2021 the year of the stablecoin).

Posted by: Jon C Davies at 08:47

Tags: blockchain   DLT   bitcoin  

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