Looks like venture capitalists have special attraction for Bitcoin startups; at least from the recent funding rounds it appears true. The recent funding round that went successful as well from Airbitz secured the startup $450,000 from Block26, the blockchain venture firm. The company announced that it has invested $450,000 in Airbitz Inc., a digital wallet platform.
Apart from funding, Block26 is also going to join Airbitz Board of Directors. Nonetheless, the $450,000 infusion marks the first investment from Block26, led by Co-Founders Ni’coel Stark and Pedram Hasid, in the hot Bitcoin technology space. From the liberal funding it looks the venture capital firm is bullish on the digital currency.
It also appears true that it is the potential in Airbitz that was awarded first place at the 2015 Inside Bitcoin NYC startup competition and named one of AlwaysOn OnFinance’s 50 Companies to Watch in 2015, that attracts venture capital firms to invest. Available for iOS and Android, Airbitz automatically encrypts, secures and backs up user data.
Safe and Secure Bitcoin Wallet
Airbitz had emerged as the right solution for the users who wish to have safe and secure wallet as it works without requiring complicated user prompts. Additionally, the decentralized server architecture ensures that Airbitz wallets are functional even if company servers are disabled. Thus, users can stay assured that their digital currency will be safe with Airbitz Bitcoin wallet.
Not just safe and secure Bitcoin wallet, Airbitz’s decentralized and open source platform solves many of the current usability, security and privacy issues inherent in the current generation of Bitcoin wallets. Moreover, as Airbitz is a remarkably easy-to-use and intelligently designed wallet, users receive, store, or send funds with confidence.
The company claims that the digital wallet software offered to the users is protected by ironclad and effortless security that prevents any third party from accessing user funds or data that also includes Airbitz itself. Moreover, as it features the world’s first one-touch 2-factor authentication, users may trust it without an iota of doubt.
The Tech has potential to Disrupt Arenas beyond Digital Currency
Airbitz provides the familiar feel and functionality of mobile banking while implementing blockchain operations under the hood. It not just reduces friction and makes Bitcoin universally approachable and usable but also understands that this same technology has the potential to disrupt arenas beyond digital currency.
Talking about the funding and the whole affair, Block26 Co-Founder and Managing Principal Ni’coel Stark said that his company is making its first investment in Airbitz because not only is it the best digital wallet for consumers, it is far more than a wallet.
To contact the reporter of this story: Deepak Tiwari at firstname.lastname@example.org