Betschart says that the program’s primary goal is to get more software developers to contribute to Bitcoin’s open source projects: He and his team are “not interested in making a profit.”
Seba Crypto AG (SEBA) has raised 100 million Swiss francs ($103 million) for the creation of a regulated bank that lets customers trade fiat for digital currency.
Allowing users to keep control of their cryptocurrency keys in a secure wallet is a crucial consideration at a time when some exchanges are proving to still be vulnerable to hacks.
King is focusing his energies as a member of GEAR’s Advisory Board, helping the small startup, still in incubation, to raise funds for the development of green mining technology.