WeFunder, a crowdfunding platform for startups that has funded 134 projects to date, has partnered amongst payment processor BitPay to give investors the selection of backing their favorite startups amongst Bitcoin.
Until May 16th of 2015, exclusively accredited investors inwards the U.S.A. were able to participate inwards equity crowdfunding of American startups, but the passage of the novel rules inwards Title III of the JOBS Act opened upwards the champaign to non-accredited investors every bit well.
The partnership betwixt WeFunder in addition to BitPay opens upwards the equity crowdfunding infinite fifty-fifty farther to the global Bitcoin community, which numbers inwards the millions. New in addition to existing WeFunder users who are non domiciled inwards the U.S.A. volition besides live on able to salvage on wire transfer fees, according to
BitPay:
“Since bitcoin industrial plant everywhere the mesh is available, WeFunder investors volition live on able to salvage on the costs of wire transfers. That agency WeFunder in addition to its platform companies gain a improve way to arrive at international investors in addition to the bitcoin community only about the world.”
The novel Bitcoin payment selection besides comes amongst an added fee of $1.01 in addition to WeFunder states that all incoming Bitcoin payments are straightaway converted into dollars.
Today’s proclamation from BitPay comes exclusively i twenty-four hours afterward Airbitz - a San Diego-based startup that developed the Edge-Security platform, which allows users to access blockchain apps via a unmarried barcode scan on their mobile - announced its 30-day equity
crowdfunding displace on WeFunder. Airbitz is the starting fourth dimension blockchain-focused startup to essay funding nether the novel regulations inwards the JOBS Act:
"And to add together to the historic nature of our offering, nosotros worked closely amongst Wefunder in addition to Bitpay to ensure that crypto lovers would live on able to invest inwards Airbitz – in addition to every other companionship on Wefunder – using Bitcoin instead of fiat currency."