Azteco Secures $6 Million Funding Round Led by Jack Dorsey
Azteco, a company based in Santa Monica, California, has raised $6 million in funding with Jack Dorsey, the CEO of Block Inc., leading the round. The company’s goal is to accelerate the adoption of Bitcoin by introducing Bitcoin gift cards. This innovative approach aims to make it easier for people to access and use Bitcoin in their everyday lives.
Acquisition of Qala to Advance Bitcoin Development in Africa
Btrust, a prominent player in the crypto space, has recently acquired Qala, a company focused on training African Bitcoin and Lightning engineers. This strategic move has resulted in the rebranding of Qala as the Btrust Builders Program. The acquisition was driven by the recognition that Btrust had the financial resources but lacked the infrastructure to effectively nurture and develop African Bitcoin talent.
This acquisition represents a significant step in bridging the gap and promoting the growth of Web3 expertise in Africa.
Hot Take: Azteco and Btrust’s Efforts to Drive Crypto Adoption
Azteco’s funding round led by Jack Dorsey highlights the increasing interest and support for Bitcoin adoption. By introducing Bitcoin gift cards, Azteco aims to make it more accessible for people to enter the world of cryptocurrencies. Similarly, Btrust’s acquisition of Qala demonstrates their commitment to advancing Bitcoin development in Africa. By providing training and support for African engineers, they are building a stronger talent pipeline and fostering growth in Web3 expertise on the continent. These initiatives contribute to democratizing finance and expanding crypto adoption globally.
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