NZ Innovation , the innovation arm of the New Zealand government , has invested NZD315,000 ( $ 212,620 ) in a local cryptocurrency savings and trading platform , Vimba . For it to reach the market cap of gold, one Bitcoin would be worth around $600,000 — The Auckland - based company has just rebranded from MyCryptoSaver as it has expanded its services beyond cash . It said the investment from NZ Innovation will go toward creating secure multi - signature digital wallets and offering cryptocurrencies besides bitcoin and ethereum . Vimba initially established itself letting people invest smaller amounts of virtual currency . With around 100 users it has completed two investment rounds and is set to launch in the UK .
NZ 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 Auckland - based company has just rebranded from MyCryptoSaver as it has expanded its services beyond cash . It said the investment from NZ Innovation will go toward creating secure multi - signature digital wallets and offering cryptocurrencies besides bitcoin and ethereum . Vimba initially established itself letting people invest smaller amounts of virtual currency . With around 100 users it has completed two investment rounds and is set to launch in the UK .