Wow...OpenMoney is mentioned in an article in Forbes! This is the first time I read this one...in connection with the ICO ban made by China last month and how money from Chinese investors still find the way to get into new projects...
"The ethos behind blockchain has been tested," says Ken Sangha, COO of Open Money and the Open Project in San Francisco. "A central, organized and powerful authority -- China -- said 'no' and we all have been tested worldwide because of it. But the system flexed its muscles. It's doing what it was supposed to do."
Sangha was going to launch an ICO in September for Open Money, a developers platform like Java that would allow app makers to include user options to purchase their products with cryptocurrencies in app stores. The Chinese ban put their ICO on hold. Most of their investors were Chinese. Start-ups from San Francisco to Moscow had similar problems.
Open Money found Chinese smart money. They built relationships with Chinese venture funds over the years and private asset managers who are now delving into the crypto markets. Those characters in China are known as "whales". The whales tend to be large funds with tens of millions of dollars to throw around, often belonging to the family offices of Chinese multi-millionaires and billionaires.
"We are definitely getting Chinese money and are still talking to a number of China-based funds," Sangha says.
Source is here. The article is clearly showing us that it is virtually impossible to stop people from deciding where they want to invest their money...when people got the money it means power and many Chinese are using that power on their hands today.
Okay, this is just a little break from the main topic we have on this thread but am sure many of us here can feel the excitement which OpenMoney is brewing right now. The project is given space in many reputable online publications and that is really huge in terms of marketing and image building.
Wow! I've missed this article somehow...That gives kinda confidence in the future development of crypto and Open Money in first place. The trend couldn't be stopped by anyone or anything, this is a real revolution and I think practically everyone now knows that it is true.
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