BitGold raises $3.5 million from Soros Brothers, Sandstorm Gold
By GCRU Gold News on Monday, January 5 2015, 22:49 - Permalink
A gold exchange company that borrows some technology from Bitcoin has raised $3.5 million for a series A financing from a group of investors that include PortVesta Holdings, Soros Brothers Investments, PowerOne Capital and Sandstorm Gold.
BitGold, which is based in Toronto and announced the funding late last month, uses digital payments to help acquire, store and spend gold. The company is focused on the blockchain technology, which allows for the ". . . decentralized record confirmation and global value transfer."
BitGold raises $3.5 million from Soros Brothers, Sandstorm Gold