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Orange to invest in two bitcoin start-ups

2015-04-10 08:58:00| Telecompaper Headlines

(Telecompaper) Orange Silicon Valley announced its intention to invest in two bitcoin start-ups in the next few months, after holding a series of meetings. CEO Georges Nahon said, "There's something intriguing in this technology, so we want to be there as early as possible. This could be a digital platform of the future." Orange plans to invest USD 20,000 in each in partnership with a consortium investing up to USD 3 million per start-up. Bloomberg writes that telecom operators have for the most part stayed away from bitcoin, although several funds related to technology companies have invested in bitcoin start-ups. The technology could be modified to help facilitate transactions at businesses such as carriers, banks, stock exchanges or insurance providers.

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Category:Telecommunications

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