BTCS, Inc. (also called Bitcoin Shop, Inc.) is a publicly traded company based in the US, whose stated line of business is development of applications related to blockchain databases and digital currencies.
In April 2015, according to company releases, its shares were valued at 0.30 USD or more. In July 2016, the price had dropped to 0.001 USD.In August 2017 It was reported that BTCS has signed a non-binding letter of intent with Blockchain Global Limited.
On 28 April 2015 BTC announced that it signed a letter of intent (LOI) to a merge with Spondoolies Tech, an Israeli mining hardware manufacturer. The merger initiative comes only two weeks after BTCs closed financing of US$2.3 million, where it sold 7,708,342 units of shares to two hedge fund managers who have chosen to remain anonymous, along with and 17 other investors. On 19 May 2015 BTC announced it has invested US$1.5M into Israeli digital currency server manufacturer Spondoolies-Tech, as the first step of their planned merger.
Video BTCS (company)
Services
According to company material, their services and products could possibly include:
- A low-cost bitcoin transaction verification (bitcoin mining) services business. In January 2015, BTCS announced finalizing a two-year lease for an 83,000 square foot facility.
- An e-commerce marketplace accepting bitcoin, litecoin, dogecoin, and other cryptocurrencies. In its beta version, the marketplace claimed to offer over 250,000 curated products, featuring a so-called "Intelligent Shopping Engine" to find competitive prices on products from over 250 retailers.
- A bitcoin wallet that uses 2-of-3 cryptographic multisignatures to securely store the user's bitcoin keys. The wallet is built on BitVault's Gem's technology and operates in cooperation with Authy, a provider of two-factor authentication. A beta version was claimed to be available, by invitation only.
Maps BTCS (company)
See also
- Decentralized autonomous organization
References
External links
- Official website
- BTCS companies grouped at OpenCorporates
Source of the article : Wikipedia
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