ShowPay, a Guangzhou, China-based blockchain enterprise from the Bitcoin SV (BSV) ecosystem, completed a $1.5m angel funding round.
The round was led by Jinghe Investment, a subsidiary of China Lantian Corporation, with participation from another unnamed VC firm.
The company intends to use the funds for:
1) strengthening the basic research and development of the global distributed ID “MetaID” based on BSV;
2) establishing a non-profit fund to promote the adoption of MetaID;
3) expanding the team.
Established in 2019, ShowPay is a global cryptocurrency payment system powered by BitcoinSV. It provides a POS/Wallet to merchants and offers assistance and guidance in the adoption of cryptocurrency payment processing. ShowPay is designed to support many cryptocurrencies including Bitcoin SV, BTC, Libra, DCEP plus more.