The investment – whose amount was not disclosed – was made through the nChain Group’s investment entity, nChain Reaction Ltd., which financially backs products and applications that make Bitcoin Cash more globally useable as peer-to-peer electronic cash.
Co-founded by co-CEOs Lorien Gamaroff and Angus Brown, Centbee provides a Bitcoin wallet that allows global consumers to acquire, hold and spend Bitcoin with retailers and other merchants. The wallet becomes available in the Apple and Google Play stores in 2018.
Gamaroff is an expert in blockchain technologies and cryptocurrencies. He has consulted and advised regulators and corporates internationally and is highly regarded globally as an educator and presenter.
Brown has 20 years’ experience in payments and banking including holding the role of CEO of eBucks, a world first bank-backed digital currency created in 2000.