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Bitcoin.com acquires O3 Labs, a Japanese blockchain development startup

Chayanika Deka

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Source: Pixabay

According to multiple reports, Bitcoin.com, a cryptocurrency firm backed by Bitcoin Cash proponent, Roger Ver, acquired O3 Labs, a blockchain development startup.

O3 Labs, which is based out of Tokyo, Japan, offers a virtual asset wallet along with the developer’s assistance via a digital application programming interface. O3 Labs have also built several applications for the NEO and Ontology eco-space, as the company also offered support to buy NEO crypto assets with a credit card.

The current acquisition indicated that O3 Labs will now develop mobile applications for Bitcoin.com, which will assist Bitcoin Cash’s network in terms of financial services.

Stefan Rust, CEO of Bitcoin.com, stated that,

“With the O3 team joining Bitcoin.com, we look forward to accelerating services in our mobile applications serving anyone in the world.”

He also stated that with the addition of O3 Labs’ technology, users will be able to manage, grow and spend while doing business with whomever they want, whenever they want, without the need for traditional banks or financial intermediaries. He said,

“We look forward to accelerating services in our mobile applications serving anyone in the world with an internet connection, regardless of nationality, socioeconomic status, or access to traditional finance.”

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Chayanika is a full-time cryptocurrency journalist at AMBCrypto. A graduate in Political Science and Journalism, her writing is centered around regulation and policy-making regarding the cryptocurrency sector.

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