Categories: News

BitFury joins fintech group and pays the $15,000 membership fee in bitcoin

According to recent reports, it seems like BitFury, the blockchain infrastructure provider and transaction processing company has joined Innovative Finance, a company meant to promote the fintech scene in the United Kingdom.

When invited to join Innovative Finance, BitFury reportedly stated that they would only do so, if they would be allowed to pay the associated membership fee via bitcoin. Once this request was made, Innovative Finance accepted, considering the fact that they are a fintech company, and they have to ‘practice what they preach’.

Based on this, BitFury paid a total of 37.55 BTC to Innovative Finance, which translates to roughly $15,000, via Coinbase’s bitcoin exchange platform. This makes BitFury the first company to join the group, which has paid its membership via bitcoin, hence making a step forward in promoting the digital currency.

In a recent interview carried out by Business Insider, BitFury stated that: “This technology, while having a myriad of other uses, allows users to transfer currency using bitcoin in a secure and fast way. Because of these benefits, BitFury seeks to make payments in bitcoin whenever possible. The bitcoin blockchain is receiving increased attention for its potential to secure financial services, so as a member of Innovate Finance, BitFury hopes to bring an understanding of bitcoin and blockchain to the other members and to the fintech industry as a whole.”

To put things better into perspective, Innovative Finance is an independent membership association founded in 2014, which strives to represent and promote the UK’s FinTech community. At this moment in time, MasterCard, IBM and Visa members count amongst some of the company’s founding partners.

Related Post

Based on everything that has been outlined so far, what do you personally think about BitFury joining Innovative Finance, and paying the membership fee via bitcoin? Let us know your thoughts in the comment section below.

If you liked this article follow us on Twitter@themerklenews and make sure to subscribe to our newsletter to receive the latest bitcoin and altcoin price analysis and the latest cryptocurrency news.


 

Source: Business Insider

 

Daniel Dob

Daniel is a bitcoin investor and journalist for numerous news outlets in the financial sector. When he's not writing, trading, or interviewing people, you can find him swimming, reading or taking one of his hobbies to the next level.

Share
Published by
Daniel Dob

Recent Posts

Best Altcoins to Invest in Today: Qubetics Sets the Stage for Blockchain’s Future as Bitcoin Hits $108K and Litecoin Soars

The cryptocurrency world has always been a hotbed of innovation, attracting both seasoned investors and…

6 hours ago

Dogecoin Millionaire Predicts This Undervalued Altcoin Could Match DOGE’s 2021 Gains

Dogecoin's 2021 rally was a historic one, turning ordinary investors into overnight millionaires. This magnificent…

6 hours ago

Qubetics Presale Skyrockets to $7.5M as XRP and Arbitrum Lead Best Altcoins for Exponential Returns

The crypto market is always evolving, with big names like Bitcoin and Ethereum leading the…

7 hours ago

Over 300K Users Actively Mine Crypto On BlockDAG’s X1 Miner App While BNB Bulls Eye $3K; What’s XRP’s Price Target?

The crypto market is ablaze with excitement as altcoins like XRP and BNB make major…

7 hours ago

Best Crypto Presale To Buy Now: Rollblock Delivers For Holders With New License, Record Sign Ups and 7000+ Games

Rollblock is quickly becoming the best crypto presale to buy, delivering unmatched value for its…

11 hours ago

Polkadot And Uniswap Gearing For Post-Christmas Jump As Rollblock Raises $7.4 Million in Presale

While Rollblock's continues its crypto presale, with its value increasing regularly, Polkadot (DOT) and Uniswap…

12 hours ago