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Topic: [ANN] Unocoin raises $250,000 from Barry Silbert's Bitcoin Opportunity Corp - page 2. (Read 2831 times)

hero member
Activity: 700
Merit: 500
Congrats keep up the fantastic work...

Hope so fees would come down(3% + Tax) since currently its highest compared to others.
member
Activity: 117
Merit: 10
Great goin guys.....heartiest congracts to your team...many great news coming from the community these days  Smiley
sr. member
Activity: 378
Merit: 250
Good work. Congrats !!
full member
Activity: 212
Merit: 100
Hi
a great news for indian bitcoiners Smiley congrats
legendary
Activity: 1358
Merit: 1000
Congratulations guys!

Faith of the investment community is always good.
legendary
Activity: 2562
Merit: 1064
Congrats UNOCOIN team,

It is really big initiative for other too, who are thinking to raise the capital.
legendary
Activity: 1258
Merit: 1001

+1

An absolutely no-nonsense straightforward achievement. Congrats & GooD Luck Smiley

I exactly know what you mean Smiley Thank you
sr. member
Activity: 462
Merit: 250
Congrats Team Unocoin, that's a great achievement!
legendary
Activity: 2338
Merit: 1204
The revolution will be digital
Investment marks largest known capital raise to date in India’s fast growing Bitcoin space

TUMKUR, INDIA, AUG 11th, 2014 – Unocoin, India’s fastest growing Bitcoin service provider whose offerings include trading, merchant processing and storage of the digital currency, today announced a $250,000 investment from SecondMarket Founder Barry Silbert’s Bitcoin Opportunity Corp.The investment marks the largest known to date in India’s Bitcoin space as well as one of the largest investments made by BOC outside of United States.

Pioneered by SecondMarket founder and creator of the Bitcoin Investment Trust, Barry Silbert’s Bitcoin Opportunity Corp. has invested in more than thirty digital currency companies across the globe, including BitPay, CoinBase, Circle, Xapo, BitPagos, BitPesa and Volabit.

“I am thrilled for Bitcoin Opportunity Corp. to make its first investment in India’s fast growing bitcoin ecosystem,” says Barry Silbert. “As bitcoin awareness and adoption in India continues to accelerate, I’m confident that the Unocoin team will be successful in building one of the largest, most important bitcoin companies in India.”

One of the many socio-economic challenges that India faces is reaching the unbanked demographic which accounts for forty percent of the country’s urban population and sixty one percent of the rural population. India is also one of the largest recipients of remittances globally, totaling over $70 billion in 2013. Bitcoin technology has the potential to provide sustainable solutions and smarter financial options to all sectors of India.

“Unocoin is dedicated to bringing the advantages of bitcoin and its technology to India to enable people to seamlessly transfer monetary value at minimal cost. The investment and backing from the Bitcoin Hero has brought both the cheer and responsibility to our team. A good part of the investment will be spent on scaling up of Unocoin and its marketing efforts, while another part will be used towards regulatory compliance and security expenditures.” said Sathvik Viswanath, co-founder and Managing Director of Unocoin.

“We are also focused on helping small and medium businesses, freelancers and merchants accept Bitcoin for their products and services. To be able to successfully accomplish this in a country of a 1.2 billion people, we need the support of the best in business,” added co-founder and Head of Global Business Development, Vikram Nikkam. “We are honored to have Bitcoin Opportunity Corp. on board, working with Barry Silbert who has all it takes to facilitate the kind of growth and services we are looking to offer.”

Publications covering the story:

http://blogs.wsj.com/moneybeat/2014/08/11/bitbeat-blockchain-hits-two-million-wallet-amid-strong-interest-in-bitcoin/

http://www.coindesk.com/indias-unocoin-closes-250k-funding-deal-silbert-investment-fund/

http://techcrunch.com/2014/08/11/silberts-bitcoin-opportunity-fund-drops-250k-on-india-based-unocoin/

http://www.businessinsider.com.au/barry-silbert-invests-in-indian-bitcoin-company-2014-8

http://www.bitcoinx.com/indian-bitcoin-startup-unocoin-raises-250000-in-new-fundraising-round/

https://my.news.yahoo.com/barry-silbert-latest-investment-more-221105800.html

http://newsbtc.com/2014/08/11/barry-silbert-invests-250000-unocoin-indian-bitcoin-start/

+1

An absolutely no-nonsense straightforward achievement. Congrats & GooD Luck Smiley
sr. member
Activity: 350
Merit: 252
REAL-EYES || REAL-IZE || REAL-LIES||
Congrats on this achievement,  but is it the biggest Bitcoin related investment in India ?
By far I guess Yes..! Congrats to team Unocoin , wishing you luck for future . now you get some extra responsibilities too Smiley
hero member
Activity: 770
Merit: 500
Congrats on this achievement,  but is it the biggest Bitcoin related investment in India ?
hero member
Activity: 938
Merit: 501
Congrats guys
This is a real coup and bodes well for the future
legendary
Activity: 1258
Merit: 1001
Congrats team Unocoin  Grin

(Congrats Sathvik, look forward to seeing how this investment turns out to be)
Thank you !
newbie
Activity: 41
Merit: 0
Congrats team Unocoin  Grin

(Congrats Sathvik, look forward to seeing how this investment turns out to be)
legendary
Activity: 1258
Merit: 1001


Investment marks largest known capital raise to date in India’s fast growing Bitcoin space

TUMKUR, INDIA, AUG 11th, 2014 – Unocoin, India’s fastest growing Bitcoin service provider whose offerings include trading, merchant processing and storage of the digital currency, today announced a $250,000 investment from SecondMarket Founder Barry Silbert’s Bitcoin Opportunity Corp. The investment marks the largest known to date in India’s Bitcoin space as well as one of the largest investments made by BOC outside of United States.

Pioneered by SecondMarket founder and creator of the Bitcoin Investment Trust, Barry Silbert’s Bitcoin Opportunity Corp. has invested in more than thirty digital currency companies across the globe, including BitPay, CoinBase, Circle, Xapo, BitPagos, BitPesa and Volabit.

“I am thrilled for Bitcoin Opportunity Corp. to make its first investment in India’s fast growing bitcoin ecosystem,” says Barry Silbert. “As bitcoin awareness and adoption in India continues to accelerate, I’m confident that the Unocoin team will be successful in building one of the largest, most important bitcoin companies in India.”

One of the many socio-economic challenges that India faces is reaching the unbanked demographic which accounts for forty percent of the country’s urban population and sixty one percent of the rural population. India is also one of the largest recipients of remittances globally, totaling over $70 billion in 2013. Bitcoin technology has the potential to provide sustainable solutions and smarter financial options to all sectors of India.

“Unocoin is dedicated to bringing the advantages of bitcoin and its technology to India to enable people to seamlessly transfer monetary value at minimal cost. The investment and backing from the Bitcoin Hero has brought both the cheer and responsibility to our team. A good part of the investment will be spent on scaling up of Unocoin and its marketing efforts, while another part will be used towards regulatory compliance and security expenditures.” said Sathvik Viswanath, co-founder and Managing Director of Unocoin.

“We are also focused on helping small and medium businesses, freelancers and merchants accept Bitcoin for their products and services. To be able to successfully accomplish this in a country of a 1.2 billion people, we need the support of the best in business,” added co-founder and Head of Global Business Development, Vikram Nikkam. “We are honored to have Bitcoin Opportunity Corp. on board, working with Barry Silbert who has all it takes to facilitate the kind of growth and services we are looking to offer.”

Publications covering the story:

http://blogs.wsj.com/moneybeat/2014/08/11/bitbeat-blockchain-hits-two-million-wallet-amid-strong-interest-in-bitcoin/

http://www.coindesk.com/indias-unocoin-closes-250k-funding-deal-silbert-investment-fund/

http://techcrunch.com/2014/08/11/silberts-bitcoin-opportunity-fund-drops-250k-on-india-based-unocoin/

http://www.businessinsider.com.au/barry-silbert-invests-in-indian-bitcoin-company-2014-8

http://www.bitcoinx.com/indian-bitcoin-startup-unocoin-raises-250000-in-new-fundraising-round/

https://my.news.yahoo.com/barry-silbert-latest-investment-more-221105800.html

http://newsbtc.com/2014/08/11/barry-silbert-invests-250000-unocoin-indian-bitcoin-start/

http://www.nextbigwhat.com/unocoin-funding-bitcoin-opportunity-corp-297/
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