Tim Draper to Invest in OpenNode

The project was founded in April 2018 by a group of developers of Bitcoin and Lightning Network protocol and aims to make it easier to use the Bitcoin
19 December 2018   562

The developers of cryptocurrency payment processing OpenNode announced the completion of a seed investment round, in which they attracted an unnamed amount from renowned venture capitalist Tim Draper and Draper Associates.

The project was founded in April 2018 by a group of developers of Bitcoin and Lightning Network protocol and aims to make it easier to use the first cryptocurrency.

The attracted funds team plans to focus on expanding the state, further work on the product and complete “hyper-bitcoinization”.

According to CoinDesk, Tim Draper invested $ 1.25 million in OpenNode.

As the project team says, the developed processing service may already be connected by merchants and companies wishing to accept Bitcoin as payment for their products and services. This can be done using a special plug-in or through an API.

As a payment for its services, OpenNode will take a commission of 1%; however, the service will be free for the first month of operation. The support of the Lightning Network protocol developed for instant and cheap bitcoin transactions is separately emphasized.

South Koreans to Invest in Crypto Actively

In addition to the investment amounts, the share of those interested in investing in digital assets also increased
22 April 2019   80

The average amount of investments in cryptocurrency from South Korean invesetprs is $ 6,100, which is 64% more than last year, Cointelegraph reports.

According to a survey conducted by the Korean Fund for the Protection of Portfolio Investors, in addition to the investment amounts, the percentage of those interested in investing in digital assets also increased. Thus, 7.4% of the 2500 respondents have already acquired cryptocurrency (last year there were 6.4% of those). It is noteworthy that this figure has increased, despite several major break-ins of the South Korean crypto exchange, as well as tougher regulation of the industry.

Analysts connect the market with a recent bitcoin price jump and hope for a new bull rally.

Recall recently it became known that 94% of trust capital funds invest in cryptocurrency.