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Barry Silbert Invests $250,000 in Unocoin, ann Bitcoin Start-up

newsbtc by newsbtc
8 years ago
in Cryptocurrency news
Reading Time: 1 min read
Advertisement

Barry Silbert and his Bitcoin Opportunity Corp. is at it again.

This time around, Silbert is reported to have invested a whopping $250,000 in a Bangalore, India-based bitcoin start-up called Unocoin.

It’s one of a few investments Silbert has made in recent history in the sector, which includes $250,000 in Mexican bitcoin exchange Volabit, and another $250,000 in Swedish bitcoin services company Safello.

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With interest in bitcoin and other digital currencies in India rising, it’s prime territory for an investor. Not only for investors, though, it’s an excellent opportunity for the Indian population — many of whom would be considered “unbanked” and without access to financial services we take for granted in the west.

Unocoin-Screenshot-02

“Bitcoin technology has the potential to provide sustainable solutions and smarter financial options to all sectors of India,” both the Bitcoin Opportunity Corp. and Unocoin said in a statement (via Business Insider).

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Silbert’s Bitcoin Opportunity Corp. seems to be sticking to smaller, $250,000 investments as opposed to going all-in on one particular company, which many would agree is a smart strategy.

Unocoin has its hands in several different bitcoin-related services (much like Coinbase here in the United States), which includes buying, selling, and storing bitcoins, in addition to offering merchant services.

It’s the largest bitcoin-related investment to take place in India to date.

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Tags: bitcoinopportunitycorpbocNewsstart-upsunocoin
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