Bitcoin.com Acquires O3 Labs for BCH-Specific App Development
- Neither the companies disclosed the involved figure in the deal.
Roger Ver-led Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term.com has acquired Japanese Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term development startup O3 Labs for an undisclosed amount, the company announced on Monday.
The startup primary offers a digital asset wallet platform along with a digital application programming interface for developer support. In addition, it also developed applications for blockchains like NEO and Ontology, supporting the purchasing of digital currencies with credit cards.
The company is now expected to build applications exclusively for Bitcoin Cash.
Commenting on the acquisition, Stefan Rust, chief executive officer at Bitcoin.com, said: “With the O3 team joining Bitcoin.com, we look forward to accelerating services in our mobile applications serving anyone in the world with an internet connection.”
He also stressed that with the upcoming applications, users would have the “ability to manage, grow and spend while doing business with whomever they want, whenever they want, without the need for traditional banks or financial intermediaries.”
Rust took over to lead Bitcoin.com from Ver in June, who currently serves the company as its executive chairperson. This is also the first acquisition of Bitcoin.com under the leadership of Rust.
Creating an ecosystem for Bitcoin Cash
Per the agreement between the two firms, Bitcoin.com will absorb the staffers of the Japanese blockchain startup. Apart from the two co-founders - Apisit Toompakdee and Andrei Terentiev - the startup has two software engineers, a product designer, and one business development officer.
However, it is not clear yet whether the two co-founders are joining Bitcoin.com or at which role.
Meanwhile, the company is also pushing hard to enter other crypto business areas apart from its primary focus to make Bitcoin Cash mainstream. Last month, it launched a crypto exchange, and to attract traders offered a negative trading fee for trade executions.
Bitcoin.com is also investing in many blockchain startups and has made a strong portfolio so far.
Roger Ver-led Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term.com has acquired Japanese Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term development startup O3 Labs for an undisclosed amount, the company announced on Monday.
The startup primary offers a digital asset wallet platform along with a digital application programming interface for developer support. In addition, it also developed applications for blockchains like NEO and Ontology, supporting the purchasing of digital currencies with credit cards.
The company is now expected to build applications exclusively for Bitcoin Cash.
Commenting on the acquisition, Stefan Rust, chief executive officer at Bitcoin.com, said: “With the O3 team joining Bitcoin.com, we look forward to accelerating services in our mobile applications serving anyone in the world with an internet connection.”
He also stressed that with the upcoming applications, users would have the “ability to manage, grow and spend while doing business with whomever they want, whenever they want, without the need for traditional banks or financial intermediaries.”
Rust took over to lead Bitcoin.com from Ver in June, who currently serves the company as its executive chairperson. This is also the first acquisition of Bitcoin.com under the leadership of Rust.
Creating an ecosystem for Bitcoin Cash
Per the agreement between the two firms, Bitcoin.com will absorb the staffers of the Japanese blockchain startup. Apart from the two co-founders - Apisit Toompakdee and Andrei Terentiev - the startup has two software engineers, a product designer, and one business development officer.
However, it is not clear yet whether the two co-founders are joining Bitcoin.com or at which role.
Meanwhile, the company is also pushing hard to enter other crypto business areas apart from its primary focus to make Bitcoin Cash mainstream. Last month, it launched a crypto exchange, and to attract traders offered a negative trading fee for trade executions.
Bitcoin.com is also investing in many blockchain startups and has made a strong portfolio so far.