[2015-10-22] BS: Ratan Tata, AmEx invest in digital currency start up Abra

[polynesia]

Ratan Tata, AmEx invest in digital currency start up Abra

http://www.business-standard.com/article/pti-stories/ratan-tata-amex-invest-in-digital-currency-start-up-abra-115102200787_1.html

US-based startup Abra today said Tata Group Chairman Emeritus Ratan Tata and credit card player American Express have made an undisclosed investment in the firm -- their first such venture involving digital currency.

"Tata and American Express have made strategic investments in Abra as part of recently announced Series A round. These are the first investments in the crypto currency world for both American Express and Ratan Tata," Abra added.

Crypto currency is a digital or virtual currency, which uses cryptography for security. It is also difficult to counterfeit. One of the first cryptocurrency to hog global attention was Bitcoin, which was launched in 2009.

[buysellbitcoin]

This is very good news. It will give some positive coverage in Indian media.

Regards

[polynesia]

This is very good news. It will give some positive coverage in Indian media.

Regards

Coverage has been rather muted.
People don't seem to be making the connection between Abra and Bitcoin. 

[btc_enigma]

This is very good news. It will give some positive coverage in Indian media.

Regards

Coverage has been rather muted.
People don't seem to be making the connection between Abra and Bitcoin. 

Correct. Abra website has deliberately has no mention of bitcoin