14 May '13, 12pm

Company Spends Real Money — $350000 Worth — On Bitcoin Startups - Wired

Photo: Ariel Zambelich / Wired Bitcoin took another step toward the mainstream Tuesday with the announcement of at least $350,000 available for Bitcoin-focused startups participating in the next class of Silicon Valley-based accelerator Boost VC . If first generation companies were focused on the infrastructure aspects of the crypto-currency (generating or mining actual Bitcoin currency and providing an exchange for it), the next wave will be about making the math-based money simple for non-hackers to use, says Boost VC founder Adam Draper. “We are especially interested in startups that make it easier to actually spend Bitcoin currency,” Draper says. “Security is another big opportunity. If Bitcoin is to succeed as a global currency and really start being used for transactions, everyone needs to trust it.” Trust in Bitcoin has been hard to come by lately. Straight-up theft...

Full article: http://www.wired.com/business/2013/05/350000-in-real-mone...

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