Callaghan Innovation, the innovation arm of the New Zealand government, has invested NZD315,000 ($212,620) in a local cryptocurrency savings and trading platform, Vimba. The investment will be used to develop an online platform for people who want to buy or sell bitcoin but don’t know where to start. The investment comes as the platform rebrands from MyCryptoSaver to Vimba to reflect the expanded range of services the Auckland-based startup offers. It said the funding from Callaghan Innovation will go toward creating secure multi-signature crypto wallets and offering cryptocurrencies besides bitcoin and ethereum. Vimba initially established itself letting people invest smaller amounts of virtual currency. With around 5,616 users it has completed two investment rounds and is set to launch in the UK.
Callaghan Innovation, the innovation arm of the New Zealand government, has invested NZD315,000 ($212,620) in a local cryptocurrency savings and trading platform, Vimba. The investment will be used to develop an online platform for people who want to buy or sell bitcoin but don’t know where to start. It said the funding from Callaghan Innovation will go toward creating secure multi-signature crypto wallets and offering cryptocurrencies besides bitcoin and ethereum. Vimba initially established itself letting people invest smaller amounts of virtual currency. With around 5,616 users it has completed two investment rounds and is set to launch in the UK.