Bitcoin voucher company Azteco, based in California, announced on Thursday that it raised $6 million in seed funding. The funding round was led by Jack Dorsey, CEO and chairperson of Block, Inc. Azteco plans to use the funding to achieve its goal of providing a solution that promotes financial inclusion and long-term stability to billions of people.
Azteco, a company that offers small portions of bitcoin (BTC) through a voucher system, announced that it raised $6 million in seed funding. The funding was led by Jack Dorsey, an executive at Block, Inc., with participation from other investors including Lightning Ventures, Hivemind Ventures, Ride Wave Ventures, Aleka Capital, Visary Capital, Gaingels, David Van Der Weele, and Sunil Rajaraman.
Azteco wants to help people who don’t have access to traditional banking services by offering bitcoin solutions. The founders of the startup believe that bitcoin is a good option because it is affordable, secure, and flexible. It can prevent fraud and allow people without a bank account to store money, make purchases, and even get credit. Jack Dorsey, in a statement on Thursday, said he supports Azteco because he truly admires their goal and mission.
“The CEO of Block said that there are many people who don’t have access to banking services. He believes that with the right technology and resources, we can change this. Azteco is doing something important by not only giving people access to a safe financial system but also creating a community where people have control over their own finances. He feels privileged to support Azteco in their mission”.
Azteco, which started in 2014, has a system that allows people to save, spend, and send small amounts of bitcoin. The investment they received will help them in their goal of providing financial freedom to more people. With this funding, they can improve their products and reach more customers. They want to make it easy for anyone, regardless of their financial knowledge or technical skills, to take part in global commerce.
Important: This article is intended solely for informational purposes. It should not be considered or relied upon as legal, tax, investment, financial, or any other form of advice
