BTCC, the first Bitcoin exchange of the world, was bought by the Hong Kong’s Blockchain Investment Fund.
BTCC, also known as BTCChina, has been founded in 2011 by Lee and has traded more than $25 billion in Bitcoins by 2017 and raised more than $900 million in Bitcoins from its mining pools activities. It was, however, shut down in September, in Shanghai, and reopened recently in Hong Kong.
According to the company, the objective of the new BTCC is to become a global company, and with the cash infusion from the Hong Kong’s Blockchain Investment Fund who acquired the company will make this goal be achieved.
BTCC is also offering a Bitcoin wallet for Android and iOS, Mobi Wallet, besides its exchange services and the mining pool.
Mobi Wallet comes in 15 languages, support for more than 100 digital assets, and allows money transfers with user’s phone number or Twitter account. Additionally, a VISA card can be requested to use Bitcoins to pay to vendors which are not usually accepting digital currency payments.
All the BTCC’s leading managers see the Blockchain Investment Fund’s acquisition of the BTCC as a way to expand the company’s professional services and to achieve some of the company’s goals, such as that of becoming a reliable global company.
Zhao, the leader of the mining business at the BTCC said that now the company has the needed resources to promote its visions to the world as the company’s goals are to offer professional services in the crypto world in order to help everyone use digital assets.
The company’s founder and CEO, Lee, who has recently said he only trusts in Bitcoin, Litecoin, Bitcoin Cash, and Ethereum, admitted that the Hong Kong’s Blockchain Investment Fund acquisition of the BTCC validates all the company’s hard work of the last few years and will most probably transform BTCC into the successful global company it always wanted to be.
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