Global blockchain payments provider has closed its $40 Million extended Series B funding round, which brings its total raised capital to over $70 Million. New investors in BitPay include , Capital Nine, , Nimble Ventures (an affiliate of Passport Capital) and Delta-v Capital as well as individual investments from Christopher Klauss Family Office, Founder of Internet Security Systems (ISS), and Alvin Liu, Co-founder of Tencent. Aquiline Capital Partners led the initial Series B Round but extended the round due to increased investor demand.
Stephen Pair, BitPay CEO, commented: “BitPay had a record 2017 as we processed over $1 Billion in bitcoin payments. We brought on these new investors who can help BitPay scale globally to meet customer demand. Our goals include key hires in engineering and regulatory licensing, as well as expansion into emerging markets in Asia–one of BitPay’s fastest-growing regions for transactions and wallet adoption.”
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No Postage Necessary, an upcoming dramedy film by Two Roads Picture Co, will be the first movie to be released on the QTUM platform. In a partnership with Vevue, a P2P video distribution app running on the QTUM platform, the film will be uploaded onto the blockchain, made available for streaming through payments in cryptocurrency as of June 2018.
The film centres around a convicted computer hacker who’s fallen on hard times. Reduced to living on his brother’s couch whilst working at an ice cream stand, he begins stealing mail by impersonating a postal worker. Things begin to look up when he is lovestruck by a widow’s heartfelt letter to her deceased marine husband, and, determined to become a better man, he conspires to meet her. However, complications develop when an FBI agent comes looking for a stash of stolen bitcoin.
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