[2015-06-26] CD: Bitcoin Opportunity Corp Backs Mexican Exchange Bitso

[Grand_Voyageur]

Bitcoin Opportunity Corp Backs Mexican Exchange Bitso

Bitso has closed a seed funding round led by the Barry Silbert-backed investment fund Bitcoin Opportunity Corp and including undisclosed angel investors.

Launched in April 2014, Bitso recently acquired competitor Unisend Mexico as part of a bid to strengthen its market presence. Today, the company primarily offers an order-book exchange and Ripple gateway as well as a merchant processing product.

However, in statements, Silbert suggested that he sees the company's greatest asset as its position to help facilitate remittances to and from Mexico.

Full story: http://www.coindesk.com/bitcoin-opportunity-corp-mexico-bitso/

[Chef Ramsay]

Silbert made a good decision on this one yet again to rake in profits. An exchange and a further remittance business is the way to go at this point. This was a win on many points.