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Chicago Bitcoin Center Launches at 1871 To Support Blockchain Startups


In an announcement at the Inside Bitcoins Conference in Chicago, Matthew Roszak revealed the Chicago Bitcoin Center, an incubator that will act as the “center of gravity for blockchain-based technologies.”

“Chicago has a rich history and DNA in financial technology, and the blockchain has the potential to provide a new, open-source rail for FinTech innovation. The Chicago Bitcoin Center is open to designers, developers, entrepreneurs, and all those dedicated to building tomorrow’s next chapter of financial technology,” said Roszak in a statement.

The goal of the Chicago Bitcoin Center is to provide office space as well as mentorship by other bitcoin entrepreneurs, investors, and technologists. Further, the Center will also provide public relations and government affairs support.

“The financial industry is a key vertical that is profoundly affected by technology, and the Chicago Bitcoin Center establishes a leadership position for 1871 and Chicago in this important field,” said 1871 CEO Howard A. Tullman, in a released statement.

The inaugural companies for the incubator are Bloq; Glidera, a digital currency merchant service provider; Red Leaf, a bitcoin ATM operator; and OasisCoin, a bitcoin remittance provider.

Image via 1871