San Francisco based Bitcoin Blockchain security and infrastructure provider BitFury Group has recieved $30m in venture funding in a partnership deal with Credit China Fintech. The collaboration with Bitfury is said to be in line with the Credit China's Fintech strategy and will assist the Group in “maximizing the adoption of the Bitcoin Blockchain and private Blockchains into its various Fintech platforms.”
Credit China Fintech has started 2017 with a blitz of deals. Today Credit China Fintech announced a $30 million deal with BitFury group and the establishment of a joint venture focusing on the China market. BitFury Group is a leading Bitcoin and private Blockchain infrastructure provider. The collaboration with Bitfury is said to be in line with the Group’s Fintech strategy and will assist the Group in “maximizing the adoption of the Bitcoin Blockchain and private Blockchains into its various Fintech platforms.” Phang Yew Kiat, CEO of Credit China Fintech, said their investment with BitFury “will further cement our leadership position in the use of Blockchain technologies across our FinTech platforms, taking Credit China FinTech to a new level of competitiveness.”
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