In the series of bitcoin startups that have been quickly skyrocketing with the help of venture and investment finding is a new name that grabs the curious eye. This one is a South African crypto exchange firm named VALR has raised a large amount of funding to accelerate its crypto growth processes and operations. The firm’s valuation has jumped by ten times what it was before and they have even managed to grab a large number of elite crypto investors. Leading manes in the crypto funding space like Alameda and Coinbase have invested in VALR.
Utility of the funds
VALR plans to use these funds for a variety of operations. It plans on building more products that capture larger portions of the bitcoin trading population. With a huge trading volume that runs into millions of dollars, VALR does not seem to be slowing down. It is aiming its eyes towards other segments of the African market which still have prospective unregistered interested people. One of its primary targets is India. They will also be using the money to hire more talent. The CEO of VALR says that he strongly believes that by decentralizing currency, we are promoting a trend of togetherness and there is no question about the positive impact of this step. He aims to spearhead the digital currency revolution in South Africa. Given VALR’s position as the most valued bitcoin venture in South Africa, Ehsan’s dream will not take long to actualize into reality.