Twitter co-founder Jack Dorsey is leading the $6 million investment in Bitcoin voucher service. Check out the following reports:
Twitter co-founder leads $6M investment
Jack Dorsey has led a $6 million funding round for Azteco, a provider of Bitcoin (BTC) vouchers. This is highlighting the Twitter co-founder and Block CEO’s continued commitment to building more and more advancements in the cryptocurrency landscape.
Azteco, established in 2014, says it uncovered a significant disparity in global banking access. There are over 2 billion smartphone users lacking regular financial services.
Blockworks online pubcalition mentioned the fact that in order to address this, Azteco says it devised a practical solution by harnessing the potential of Bitcoin as a cost-effective and secure alternative.
Via this technology, the company says it enables the unbanked population to “store value, engage in transactions and access credit without requiring a traditional bank account.”
Azteco likes to refer to its vendor sites as “ATM-less ATMs.”
The same online pubcalition mentioned above notes this: “The company claims to make buying bitcoin as easy as purchasing mobile phone credits. Here’s how it works: You can visit an Azteco outlet with cash or a credit card. At the outlet, you can buy an Azteco voucher. You then go to their website and redeem your voucher.”
Dorsey stated this:
“The unbanked population is immense. We have the technology and resources to close this gap, but until now, no one has taken that important next step,” Dorsey said in a statement on May 18.”
“Azteco is providing so much more than just access to a secure financial system; it is building an ecosystem of financial self-determination that is secure and supported by local communities. I am honored to support them,” he continued.
Elon Musk hired a new Twitter CEO
Just to refresh your memory, back in December, Elon Musk put his job as Chief Twit up to a vote on Twitter, and 57.5% of users told him to resign.
Since then, many have speculated about who will be the next CEO of the embattled social media platform.
Now we have the answer, says the online pubcalition Blockworks. Linda Yaccarino will be the new CEO of Twitter, Musk confirmed Friday on Twitter.
