29 Mar '16, 10am

A London fintech startup said it would only join a fintech group if it could pay its membership in bitcoin

A London fintech startup said it would only join a fintech group if it could pay its membership in bitcoin

A London fintech startup determined to drive forward the use of digital currencies said it would only join trade body Innovate Finance if it could pay its membership in bitcoin. Bitfury, a company that provides the Blockchain infrastructure underpinning bitcoin payments, paid £10,000, or 37.55 BTC (bitcoin), to join Innovate Finance , which counts Visa, IBM, and Mastercard among its founding members. Innovate Finance — founded in 2014 to promote the UK fintech scene — has more than 150 members but Bitfury is the first one to pay in bitcoin. Bitfury CEO Valery Vavilov told Business Insider: "This technology, while having a myriad of other uses, allows users to transfer currency using bitcoin in a secure and fast way. Because of these benefits, Bitfury seeks to make payments in bitcoin whenever possible. "The bitcoin blockchain is receiving increased attention for its potent...

Full article: http://uk.businessinsider.com/bitfury-said-it-would-only-...

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