Very good to see a bank which calls itself Bitcoin friendly receiving institutional funding.
It will be a niche market initially. I hope the regulators don't stifle this bank.
Topic: [2015-11-26] Bitcoin-Friendly NextBank Receives $1.4 Million, Calls Off Crowdfun (Read 247 times)
November 27, 2015, 02:47:44 AM
November 26, 2015, 12:25:08 PM
Bitcoin-Friendly NextBank Receives $1.4 Million, Calls Off Crowdfunding Campaign
NextBank, which bills itself as the first bitcoin-friendly bank and is slated to open in 2016, announced that it has received $1.4 million for 4% of the company from two venture capitalists in Europe and has called off its crowdfunding campaign. Crowdfunding investors can choose to be minority investors or have their contributions refunded.
CCN reported last month that NextBank received $0.95 million in private venture capital and was accepting early registrations. The new investment brings the total investment $2.35 million USD.
The company will continue to seek funding through venture capital avenues to “ease concerns of the public,” according to a news release.
NextBank also announced it has completed development of its software.
https://www.cryptocoinsnews.com/bitcoin-friendly-nextbank-receives-1-4-million-calls-off-crowdfunding-campaign/
NextBank, which bills itself as the first bitcoin-friendly bank and is slated to open in 2016, announced that it has received $1.4 million for 4% of the company from two venture capitalists in Europe and has called off its crowdfunding campaign. Crowdfunding investors can choose to be minority investors or have their contributions refunded.
CCN reported last month that NextBank received $0.95 million in private venture capital and was accepting early registrations. The new investment brings the total investment $2.35 million USD.
The company will continue to seek funding through venture capital avenues to “ease concerns of the public,” according to a news release.
NextBank also announced it has completed development of its software.
https://www.cryptocoinsnews.com/bitcoin-friendly-nextbank-receives-1-4-million-calls-off-crowdfunding-campaign/
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