One cryptocurrency savings and trading platform named Vimba is the latest startup who is in the daily cryptocurrency news, this time for receiving a $330,000 grant from the government entity named Callaghan Innovation.
The CEO of Vimba, Sam Blackmore, commented and expressed his belief in the startup in an official press release, stating:
“This is a truly significant investment from Callaghan Innovation and a real show of faith in the future of this very exciting asset class.”
Founded in 2014, Vimba is a duo of kiwi Bitcoin enthusiasts and formerly known as MyCryptoSaver – a crypto savings and trading platform that enables users to use the New Zealand dollars in purchasing Bitcoin or Ethereum.
Blackmore also noted that the company was considering the prospects of “expanding the range of cryptocurrencies.” However, he also urged people not to feel discouraged by the recent volatility – but rather endeavor to latch onto the digital asset’s positive trend in the long run.
“We believe Bitcoin will at least reach the market cap of gold as it is more efficient, more accessible, more secure version of that rare asset. For it to reach the market cap of gold, one Bitcoin would be worth around $600,000 – more than 60 times what it’s worth today,” the Vimba CEO said.
The company also has plans to penetrate the UK market, where Blackmore managed to obtain a temporary residence and plans to launch within the next couple of weeks.
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