Melbourne, Australia-based bitcoin exchange CoinJar has announced a successful round of venture capitalist funding, effectively raising $500,000 AUD (this is about $455,500 USD) from several prominent investors in the tech-sphere.
Investors include Niki Scevak from Blackbird Ventures, Guy King and Bevan Clark (founders of coupon website RetailMeNot), Torsten Hoffman, and Chris Hitchen. The company will be using the funding in order to improve their services and make bitcoin easier for ordinary individuals to buy and sell the digital currency.
“Bitcoin is a game-changer, but the process of buying, selling and using Bitcoin is still relatively hard. CoinJar changes that by making Bitcoin more accessible and, eventually much more useful. Their approach of offering a secure consumer wallet and merchant payment capability for bitcoin in addition to a liquid exchange is what makes them interesting; as consumer and business adoption of Bitcoin becomes more mainstream, CoinJar is well-placed to be a significant participant,” said Chris Hitchen.
Coinjair, at the current time, has about 10,000 users in Australia. The company says it is seeking to expand globally.
