Tangible Cryptography Inc., announces the completion of a $600,000 seed round investment, funded completely in the virtual currency Bitcoin. The funding will allow the company to launch a new Bitcoin sales portal, BitSimple.
January 20, 2014 (Newswire.com) - Tangible Cryptography Inc., announces the completion of a $600,000 seed round investment, funded completely in the virtual currency Bitcoin. The funding will allow the company to launch a new Bitcoin sales portal, BitSimple.
BitSimple provides a simple, fast, and secure alternative to large traditional Bitcoin exchanges. It is the first direct broker to enable the purchase and sale of Bitcoins directly from any digital wallet. That is a good thing as large exchanges continue to be targets for hackers and other cyber criminals. One report finds that almost half of all Bitcoin exchanges have failed due to hacks or internal theft. When Bitcoin exchanges fail, account holders are often wiped out.
Gerald Davis, lead developer explains, "BitSimple is not a wallet, and doesn't hold the Bitcoin balances of customers. Users are free to secure their virtual currency as they see fit. With BitSimple, instant liquidity is still just a transaction away."
Tangible Cryptography, Inc. founder and lead developer Gerald Davis, formerly designed pricing models for Portfolio Recovery Associates and has a degree with honors in computer science focusing on distributed database design.
Tangible Cryptography is looking to expand employment rapidly, adding four to six key employees in 2014. Gerald Davis said "we intend to expand BitSimple's presence and continue to deliver the unmatched customer service that has made Tangible Cryptography successful."
BitSimple is a first of its kind direct broker of Bitcoins that operates without the requirement for users to deposit funds in advance of an exchange. BitSimple is operated by North American Cryptographics, a FinCEN registered money service business, and wholly owned subsidiary of Tangible Cryptography and. BitSimple offers a simple, fast, and secure alternative to traditional Bitcoin exchanges. To learn more about how we are better visit: https://bitsimple.com/