If this is true, it is a stunning piece of news for the Bitcoin economy. According to the South China Morning Post, Asia’s richest man, Li Ka-shing has made an investment of an undisclosed amount in BTC payment processor Bitpay, a company I have highlighted on these pages on several occasions.
From the South China Morning Post:
Asia’s richest man, Li Ka-shing has invested in BitPay, the digital currency equivalent of PayPal, through his venture capital company, Horizons Ventures.
A spokeswoman for Horizons Ventures said the group would not comment on the details of the investment.
BitPay said it was “fortunate to have the benefit of many supportive investors, including Horizons Ventures”.
BitPay, founded in May 2011, handles transactions for 14,000 companies across 200 countries. About half are in the United States, with 25 per cent in Europe and 25 per cent in the rest of the world.
Full article here.
Asia’s Richest Man, Li Ka-shing, Invests in Bitpay originally appeared on A Lightning War for Liberty on December 26, 2013.
from A Lightning War for Liberty http://libertyblitzkrieg.com/2013/12/26/asias-richest-man-li-ka-shing-invests-in-bitpay/