Bitmain has dabbled in everything especially Bitcoin mining solutions but its latest investment is one that is more focussed on the financial aspects of Bitcoin. Investing around $1.6 million in BitKan, Bitmain hopes to expand the service on a global scale citing Africa as one of its first possible markets.
BitKan started off as a popular news app allowing users to read various Bitcoin news and keep up with market movements. However the service has also advanced to over the counter trades for Bitcoin and below cites why Africa and even India can feel the significant benefits of Bitcoin. The company hopes to register in the U.S before expanding to developing and developed nations all around the globe.
“It is a very attractive business that will provide a platform for people all over the world to trade Bitcoin, especially to those living in non-mature Bitcoin markets such Africa, South America, and India,” said Sharif Allayarov, sales and marketing manager for Bitmain