Blockchain.com cryptocurrency platform has completed a strategic round of financing, which raised about $ 120 million from large macro investors.
Blockchain.com co-founder Peter Smith said the investors included Moore Strategic Ventures, Access Industries, Rovida Advisors, Lightspeed Venture Partners, Google Ventures, Lakestar, Eldridge and others. When the project tried to raise funds in late 2014, Smith said it received support from only a handful of venture capital firms.
Back then, Bitcoin was worth hundreds of dollars; Blockchain.com managed more than 2 million wallets. Now Bitcoin has reached the historic $ 50,000 mark and even surpassed it. Smith writes that since 2012, 28% of all Bitcoin transactions went through Blockchain.com, which is billions of transactions.
Smith noted the optimistic attitude of institutional investors towards cryptocurrencies. The current bull rally is due to the large institutions, investment funds and traditional Fortune 500 companies that are driving the flow of funds into Bitcoin. With some of the world’s largest macro investors participating in the latest round of funding, this proves once again that institutions are serious about digital assets. The head of Blockchain.com said that in times of the pandemic, cryptocurrencies are beginning to seem like a salvation for finances, the popularity of decentralized networks is growing. Companies are investing in bitcoin, and central banks are exploring the possibility of issuing their own digital currencies and monitoring the development of decentralized finance (DeFi).
“Our mission is to enable anyone, anywhere, to control their money. For this, we are expanding our services. It may seem to the world that cryptocurrencies appeared overnight. But those in the industry understand that technology and innovation need to work day after day to advance. There is still much to be done. It’s time to bring billions of people and millions of organizations around the world to the cryptocurrency industry to create a new financial system, ”wrote the co-founder of Blockchain.com.
Earlier, Blockchain.com announced the integration with the BitPay payment system. This allowed Blockchain.com wallet users to make payments to merchants using BitPay as a payment processor.
