Start-up accelerator Y Combinator (YC) wants to explore how blockchain technology can be used to raise money from a greater pool of investors through cryptocurrency networks. YC is interested in how initial coin offerings (ICOs) can be used to help “democratize access to investing”, said CEO Sam Altman. YC has meanwhile continued to ramp up its accelerator activities. The startup will use the new platform to allow startups and entrepreneurs to raise funds using digital currencies such as bitcoin, ethereum, litecoin or dogecoin. He also encouraged government increased regulation of ICOs.
Start-up accelerator Y Combinator (YC) wants to explore how blockchain technology can be used to raise money from a greater pool of investors through cryptocurrency networks. YC is interested in how initial coin offerings (ICOs) can be used to help “democratize access to investing”, said CEO Sam Altman. The startup will use the new platform to allow startups and entrepreneurs to raise funds using digital currencies such as bitcoin, ethereum, litecoin or dogecoin. He also encouraged government increased regulation of ICOs.