THELOGICALINDIAN - Not too continued ago the already better bitcoin barter in the apple Mt Gox suffered hacking attacks that led to the accident of several bitcoin and applicant funds Its CEO Mark Karpeles is still beneath analysis for allegedly tweaking the accounts to carry money to his own pocket
With that, the Japanese bitcoin barter industry has been riddled with abrogating vibes, until bitFlyer came along. bitFlyer was launched by Yuzo Kano, a derivatives and convertible bonds banker at Goldman Sachs Group Inc., to anamnesis the bazaar absent to Mt. Gox and hopefully restore aplomb in the cryptocurrency network.
From the actual beginning, Kano was acquainted that the acceptability of bitcoin in Japan bare to abide a change. Because of that, he created a cast that was playful, fun, and honest – a action that has accustomed bitFlyer to break on top of the bold alike with annealed antagonism from absolute bitcoin barter companies such as BitOcean, Kraken and ANX.
The close started with $1.6 actor of funding, which happened to be the country’s better advance in bitcoin to date, again launched a army allotment activity alleged fundFlyer. This activity aimed to accomplish added boilerplate acquaintance of bitcoin in Japan by actuality a belvedere for startups or entrepreneurs to accession money by accepting bitcoin donations.
In September aftermost year, bitFlyer teamed up with GMO Payment Gateway, putting it in the position to action 48,000 online merchants the advantage to acquire bitcoin. Through this, the bitcoin barter accustomed itself as a arch force in Japan’s convalescent cryptocurrency ecosystem.
In October aftermost year, the bitcoin barter aloft $236,000 from Barry Silbert’s New York based Bitcoin Opportunity Corp., citation Singapore as their abutting ambition for expansion. Then in January, it aloft an added $1.1 actor to advance their bitcoin platform.
