Blockchain Wallet Provider Secures $40 Million Series B Funding for Future Growth

Big News in the Fintech World

In a move that’s lighting up the fintech skies, Blockchain, a prominent wallet provider, has successfully pocketed $40 million in its second round of funding. This momentous deal, announced today, elevates the total funds raised by the company to over $70 million since it launched. Talk about minting money!

The Significance of This Funding Round

According to CEO Peter Smith, this Series B triumph is not just a personal milestone; it marks the largest Series B funding ever achieved by a digital currency company. In his blog post, Smith bragged that it’s also the most significant investment in the fintech sector since the Brexit debacle. It’s safe to say they’re making waves!

Who’s Contributing?

The funds came from a mix of heavy-hitters, including the ever-charismatic Richard Branson and the esteemed Lightspeed Venture Partners, which brought along early Snapchat investor Jeremy Liew. Fresh faces in the investor lineup also include the European venture capital firm Lakestar and GV (previously known as Google Ventures). You know, just your regular who’s who of venture capital.

Jeremy Liew: A Bullish Investor

Jeremy Liew isn’t just a name on a check; he’s also part of Blockchain’s vision. He joined Smith earlier this year to boldly predict that Bitcoin could soar to a whopping $500,000 by 2030. Spoiler alert: that’s a rather optimistic outlook, but hey, who doesn’t love a good leap of faith in crypto? Liew’s confidence in Bitcoin continues to turn heads and spark conversations in the media.

Future Plans and Innovations

With these new funds in hand, Blockchain aims to hit the ground running. In the blog post, Smith emphasizes that as market leaders, they’re ready to make hefty investments in research and development. What’s on the horizon? Expect an onslaught of fresh products aimed at empowering users to transact, save, and manage their digital assets with remarkable speed and efficiency.

The Cryptocurrency Surge

The timing couldn’t be better for Blockchain. 2017 has seen an exponential increase in consumer interest in Bitcoin. Exchanges are buzzing with new users, many of whom are navigating the world of cryptocurrency for the first time. It’s like a party where no one’s quite sure of the rules, but everyone wants in—and Blockchain seems poised to be the life of that party!