Thursday, 24 January 2019

A Kiwi platform which helps New Zealanders invest in cryptocurrencies is looking for investors of its own as it launches a $1m funding round in Wellington on Wednesday.

Have you heard about cryptocurrencies? Definitely. Do you own some? Quite possibly. Would you be using them for your next purchase? Highly unlikely. 2018 may have been dubbed ‘The Year of Cryptocurrencies’, but it does not look like the year of ‘useful cryptocurrencies’ so far.

More and more merchants are accepting digital currency for transactions. However, the number of websites and physical locations taking them is still somewhat limited.

Philippine boxing icon Manny Pacquiao said that he would move forward with his plan to launch a cryptocurrency, stating to reporters that it was part of his plan to connect with fans, but also backed the regulation of virtual currencies.

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