The top African Bitcoin startup BitPesa has gathered around $2.5 million of funding from the leading venture capital firms in the Bitcoin industry, including the Draper VC, the Blockchain Capital, the BnkToTheFuture, the Digital Currency Group, and the Pantera Capital.
Up to these date onwards, the BitPesa has been securing of millions and millions of dollars right in funding both of the disclosed and undisclosed amount right from the key players that surrounds the Bitcoin industry in particular with the BitFury Group and the Pantera Capital. And in the past two years, the Pantera Capital has led an initiative $1.1 million value of funding which the BitPesa has secured. And all through these past few years, the BitPesa focal point is upon providing the essential financial infrastructure to the general population in the countries in particular with the Uganda, Tanzania, and Nigeria. And in due course, the company has expanded its operations right into Europe and in the United Kingdom as well as facilitating payments and also establishing a platform in which the users can send and also receive the Bitcoin with ease. And together with the newest multi-million dollar funding round the BitPesa aims to allocate its resources right in progressing the Nigerian Bitcoin market by the means of providing and innovative and also proficient financial services for all of the people in the entire country.
At this present time, there are already existing a wide range of startups and company that provides global cross-border and Bitcoin trading services to the users coming from all over the world. Most remarkably, the companies like the Abra have introduced a global remittance network which the Bitcoin serves as the fundamental currency. On the other hand, Tim Draper stated that the significance and the value of the native startups are aiming right into the local consumer base that cannot be miscalculated. And the countries like Malaysia and the Philippines are having a rough time to figure any sort of growth right in their Bitcoin markets just before the emergence of the strong and consistent service providers like the Coins.ph and the Coins.my. The existence of a startup that aims a single market provides a strong infrastructure that the users can put their trust and also can be used to be able to escalate the market adoption.