Bit currency wallet company Blockchain received well-known investors financing $ 40 million


nnnnBargain announced on Tuesday that it had received $ 40 million in financing, supported by a number of well-known investment companies, including venture capital firm Lakestar, Google investment unit GV and billionaire Richard Branson. In view of the market for its special currency wallet products, the growing demand, the company said it would use funds to expand the scale and strengthen research and development.n
nnTranslated by: Inan
nBitchain Wallet Company Blockchain announced on Tuesday that it has received $ 40 million in financing, including major venture capital firm Lakestar, Google investment unit GV and billionaire Richard Branson.n
nThe investment is accompanied by an increasing interest in digital money, particularly interest in the special currency, which has recently hit a record high since the beginning of this year.n
nBlockchain created a bit currency wallet, essentially a software that stores digital money, and can trade with other users.n
nBlockchain CEO Peter Smith told CNBC on Thursday that the funds would be used to further expand the team and conduct more research and development. In addition, the start-up company also intends to open new offices in different countries to expand the scale.n
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nSmith said the recent rally in Bitcoin raised the high demand for Blockchain’s wallet products, which would help meet people’s needs.n
n”We are really focused on expanding our business to meet our growing demand in the market,” Smith told CNBC in a telephone interview.n
nn”We started this round of financing before the digital money market rose, and the last time was good because we had a staggering development at every level of financing, and in the past two weeks our traffic Grew 15% a week. “n
nnSmith said Blockchain has nearly 15 million registered users, including deposits and transactions, handling billions of dollars worth of business each month.n
nHe also added that by June, its total revenue compared with the same period last year, is expected to be more than 1000%, but can not publish the specific figures.n
nBlockchain was founded in 2011 and currently has users from 140 countries. The final round of financing began in 2014, when raised $ 30.5 million. Other investors include Nokota Management and Digital Monetary Group, including Lightspeed Venture Partners, Mosaic Venture Partners, Prudence Holdings, Virgin Group and Richard Branson.n

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