Money keeps pouring into blockchain startups
Fintech startups used to be focused on making traditional banks obsolete. Now, it seems like they just want to sell them services.
Among the young companies going that route is itBit, a blockchain startup that has a regulatory license in New York state that allows it to deal in digital currencies such as bitcoin. It’s developing a product called BankChain, which would apply blockchain technology to clearing and settlement processes for banks, and is in the middle of a $50 million fundraising round, according to a pitch deck sent to investors and obtained by Quartz. The deck indicated itBit expects the round to close this quarter.
http://qz.com/662596/startups-are-raising-huge-rounds-to-feed-wall-streets-fascination-with-blockchain/
Topic: [2016-04-20] Money keeps pouring into blockchain startups (Read 215 times)
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