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

Shirly McCoy

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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.”

Shirly is a full-time member of the Editorial team of AMBCrypto. She is a Finance major and understands that blockchain is the key to a decentralized and equal market. Her previous work can be found on Medium, Blogger and Steemit. She held value in Bitcoin and Ether prior to being a writer here to "understand the FOMO" in the retail cryptocurrency space. Shirly is available at shirly@ambcrypto.com.