BitX Secures $4 Million Series A Led by Naspers’ Payments Arm
- Bitcoin services platform BitX has secured $4 million in a round led by the payments subsidiary of South Africa’s Naspers Group, PayU.
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 services platform BitX has secured $4 million in a Series A round led by the Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term subsidiary of South Africa’s Naspers Group, PayU.
Other investors include Ariadne Capital, Barry Silbert’s Bitcoin Opportunity Corp and FinTech investor Carol Realini.
BitX, not to be confused with Bit-X Financial, offers a bitcoin wallet, exchange and merchant integration service. It is focusing on servicing the African and East Asian markets, with offerings in Indonesia, Kenya, Malaysia, Nigeria and South Africa. These regions contain sizeable pockets of unbanked populations, making bitcoin a potential candidate of choice for transmitting money.
Naspers Group is a large group of e-commerce and media platforms. It has become one of South Africa’s most successful media enterprises. Its shares, publicly traded on the Johannesburg Stock Exchange, have gained more than 50% during the past year and 550% during the past 5 years. The shares are currently trading at R 192,950 ($15,629) apiece, and its market cap has grown to R 807.59 billion ($65.4 billion).
The investment is BitX’s second in just under a year, its seed round bringing in SGD $1 million ($824,000).
Like its US-based competitors, the startup also provides developer tools such as an API and libraries. Fittingly, it also offers a tipping platform, Doffr, allowing online users to tip appreciated content with bitcoin.
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 services platform BitX has secured $4 million in a Series A round led by the Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term subsidiary of South Africa’s Naspers Group, PayU.
Other investors include Ariadne Capital, Barry Silbert’s Bitcoin Opportunity Corp and FinTech investor Carol Realini.
BitX, not to be confused with Bit-X Financial, offers a bitcoin wallet, exchange and merchant integration service. It is focusing on servicing the African and East Asian markets, with offerings in Indonesia, Kenya, Malaysia, Nigeria and South Africa. These regions contain sizeable pockets of unbanked populations, making bitcoin a potential candidate of choice for transmitting money.
Naspers Group is a large group of e-commerce and media platforms. It has become one of South Africa’s most successful media enterprises. Its shares, publicly traded on the Johannesburg Stock Exchange, have gained more than 50% during the past year and 550% during the past 5 years. The shares are currently trading at R 192,950 ($15,629) apiece, and its market cap has grown to R 807.59 billion ($65.4 billion).
The investment is BitX’s second in just under a year, its seed round bringing in SGD $1 million ($824,000).
Like its US-based competitors, the startup also provides developer tools such as an API and libraries. Fittingly, it also offers a tipping platform, Doffr, allowing online users to tip appreciated content with bitcoin.