Bitcoin, Gold News

Medici Ventures Injects $400K into Bitcoin Startup Ripio


Ripio, a South American startup that facilitates secure buying and storing of bitcoins, has been acquired by Medici Ventures.

Medici Ventures is an old player in the capital markets and has been strategically acquiring startups in order to cement their place as a leader in distributed ledger businesses.

Medici Ventures participated in Ripio’s series A financing and injected a $400K fund.

Overstock.com, a subsidiary of Medici Ventures, will take over the role observer in Ripio’s board meetings.

This shows that big companies have got serious about invest in blockchain technology so that they can boost the efficiency, security, and transparency of their businesses.

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