LEGENDARY United States venture capitalist Tim Draper has made a six-figure investment in Singapore bitcoin start-up CoinHako.
“Bitcoin is the greatest technological breakthrough since the Internet, but liquidity and pricing are still a problem in Singapore and South-east Asia. CoinHako is cleverly filling those gaps,” said Mr Draper in a media statement.
Mr Draper is the founding Partner of leading VC firms DFJ and Draper associates and has invested in electric car Tesla, telephony firm Skype and Chinese search engine Baidu.
He has encouraged CoinHako founders Yusho Liu and Gerry Eng to move faster. They want to position CoinHako — less than a year old — as the easiest way to buy, sell and secure bitcoins in Singapore. No firm has done this yet, said Mr Liu.
This news was also reported on leading cryptocurrency news portal – Coindesk