Press Releases 11 months agoPress Releases
Centbee, South Africa-based Bitcoin wallet and merchant payment ecosystem, attracts funding from nChain
JOHANNESBURG, SOUTH AFRICA Jan. 29, 2018 — nChain Group, the leading blockchain research and development firm, has taken an equity stake in Centbee, a Bitcoin wallet provider that makes it easy for a global consumers to acquire, hold and spend Bitcoin with retailers and other merchants. The funding deal was made through the nChain Group’s investment entity, nChain Reaction Ltd.
Based in South Africa, Centbee was founded by co-CEOs, Lorien Gamaroff and Angus Brown. Gamaroff is a leading expert in blockchain technologies and cryptocurrencies. He has consulted and advised regulators and corporates internationally and is highly regarded globally as an educator and presenter. Brown has 20 years’ experience in payments and banking including the role of CEO of eBucks, a world first bank-backed digital currency created in 2000.
“Centbee will be rolling out mechanisms for merchants to accept Bitcoin Cash payments more cheaply and securely than current bank payment systems without exposure to price volatility,” says Brown. “In addition, we will help consumers move money simply and cheaply across borders to support family and friends. We have been working closely with regulators in South Africa and other jurisdictions to educate and inform and to address any regulatory risk.”
Gamaroff explains that, “In addition to providing financial investment, nChain’s research, intellectual property and deep technology expertise will enable Centbee to become a functional and secure wallet provider which will open up Bitcoin Cash merchant payments to a global market.”
nChain Group CEO Jimmy Nguyen remarks: “Centbee has one of the most user-friendly Bitcoin wallets and merchant payment solutions we have seen. It smartly embraces Bitcoin Cash because its bigger blocks, low fees and fast transaction network represent the true vision of Bitcoin. We look forward to supporting Centbee as it sparks greater merchant and consumer adoption of Bitcoin Cash in sub-Saharan Africa and beyond.”
nChain Reaction financially backs products and applications that make Bitcoin Cash more globally useable as peer-to-peer electronic cash. The Centbee deal represents nChain Reaction’s second Bitcoin Cash-enabling investment within the past month. As announced in mid-January 2018, nChain Reaction previously participated in a USD $1.5 million Series A funding round for Yours.org, the Bitcoin Cash-based social network.
The Centbee Wallet becomes available in the Apple and Google Play stores in 2018.
For media enquiries directed to Centbee, please email email@example.com or call +27 83 445 1897.
For media enquiries directed to nChain, please email media@nChain.com
or contact Infinite Global at:
Matthew Gilleard (Infinite Global, EMEA)
+44 (0)207 269 1430
Jamie Diaferia (Infinite Global, US/ASIA)
ABOUT NCHAIN GROUP: The nChain Group is the global leader in research and development of blockchain technologies. Its mission is to enable massive growth and worldwide adoption of the Bitcoin network – focusing on Bitcoin Cash as the true Bitcoin. The nChain Group includes four business units: 1) nChain Limited – a blockchain research and development business in London, United Kingdom; 2) nChain Holdings Limited – a intellectual property holding and commercialization company; 3) nChain Reaction – an investment entity which supports other Bitcoin and blockchain emerging companies; and 4) nCrypt – a Bitcoin wallet and exchange in Canada. (nCrypt is currently known as nTrust, but will be re-branding in early 2018 to reflect its move to focus on Bitcoin).
Note: Tokens in the SegWit chain are referred to as SegWit1X (BTC) and SegWit Gold (SWG) and are no longer Bitcoin. Bitcoin Cash (BCH) is the only true Bitcoin as intended by the original Satoshi white paper. Bitcoin BCH is the only public block chain that offers safe and cheap microtransactions.
Note: Tokens on the Bitcoin Core (segwit) Chain are Referred to as BTC coins. Bitcoin Satoshi Vision (BSV) is today the only Bitcoin implementation that follows Satoshi Nakamoto’s original whitepaper for Peer to Peer Electronic Cash. Bitcoin BSV is the only major public blockchain that maintains the original vision for Bitcoin as fast, frictionless, electronic cash.
Press Releases 15 hours ago
Binance Hackathon to address security concerns in crypto
- The inaugural Binance SAFU Hackathon will bring blockchain developer teams from around the world to build a safer environment for users to exchange cryptocurrencies - Winning teams stand to win US$100,000 in prizes SINGAPORE, ...
Press Releases 2 days ago
Squire establishes advisory board
Vancouver, British Columbia; December 12, 2018 – Squire Mining Ltd. (CSE:SQR | FWB:9SQ | OTCQB:SQRMF) (“Squire” or the “Company”) announces that it has established an advisory board of industry experts to broaden the Company’s expertise ...
Press Releases 3 days ago
The largest Blockchain Conference in Asia to be held 30–31 January in Yokohama, Japan; Over 150 companies participating
The second Japan Blockchain Conference in Yokohama, Japan, will once again bring together 150 expert companies and organizations in the cryptocurrency and blockchain field from around the world, showing their latest developments to an expected ...