THELOGICALINDIAN - SAN DIEGO Airbitz a accepted bitcoin wallet provider has appear the barrage of a new crowdfunding attack through Wefunder Through Wefunders BitPay affiliation Airbitz will become the aboriginal aggregation to accession bitcoin investments in abounding acquiescence with Title III of the JOBS Act
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Airbitz to Raise Funds in Compliance With SEC Rules
The JOBS Act — or the “Jumpstart Our Business Startups Act — was active into law on April 5, 2012. The purpose of this law is to accomplish it easier for startups to go accessible and accession basic privately. Title III of the Act applies accurately to crowdfunding, which Airbitz will now booty advantage of in adopting new funds for expansion.
“We achievement to access new basic to abound our company,” Airbitz CEO Paul Puey told Bitcoinist. “And by accomplishing it through crowdfunding, we accredit our absolute user abject to booty allotment and feel a faculty of buying in a artefact they already use.”
Puey additionally told Bitcoinist that his aggregation has a allotment ambition for its Wefunder campaign. Due to SEC rules, however, Puey cannot about acknowledge absolutely how abundant Airbitz aims to accession at this time.
“The [Wefunder] attack will advance advance appear the conception of secure, convenient decentralized applications,” Puey said in a columnist release.
Wefunder is an disinterestedness crowdfunding belvedere catered to startups attractive to accession basic in adjustment to advance their articles and ideas. According to its website, the belvedere has apparent over $16 actor USD in investments back 2025. After adopting their antecedent basic on Wefunder, those companies reportedly went on to accession over $600 actor in adventure capital. The Wefunder website claims that about 80,000 investors accept acclimated the platform, accidental to projects such as Freight Farms, CaseText, Geekatodo, Checkr, and Zenefits.
The San Diego-based aggregation became accepted for its developer SDK, which can be chip into blockchain applications to accommodate a defended login environment. The aegis is provided through the use of the Airbitz adaptable bitcoin wallet. Users assurance into the blockchain appliance by scanning a barcode with the wallet, and again creating a user annual with fully-encrypted login data.
According to the company, this adjustment protects users from server-side hacks, as all stored clandestine abstracts is absolutely encrypted. Airbitz’s website claims this account constitutes “the world’s aboriginal zero-knowledge distinct sign-on solution.
If the Airbitz hits its Wefunder goal, accumulated with its advance advance of $150,000 from Lakeshore Energy Capital, Puey said the aggregation would be able to bear on its promises for several SDK integrations currently in the works.
“We accept abounding agitative business opportunities with our aegis platform,” Puey said, “and we artlessly charge the assets to assassinate on them.”
The aggregation additionally has an advancing crowdfunding attack with Bank To The Future. Puey told Bitcoinist that the funds aloft from that attack will additionally go appear its SDK affiliation projects.
Do you anticipate Airbitz’s acquiescence with the JOBS Act will advice it ability its crowdfunding goals? Let us apperceive in the comments below.
Images address of SiliconHills, Airbitz.
