Callaghan Innovation, a New Zealand government-backed institute, has awarded Vimba (a local crypto wallet and trading service) with a $330,000 R&D Project Grant. Vimba is reportedly MyCryptoSaver’s rebranded version. Reports say the cryptocurrency startup is all geared up to expand its offerings after receiving the grant. Vimba management has decided to enable multi-signature crypto wallets, on one hand, and list more cryptocurrencies to the trading service, on the other.
R&D Project Grants
Spokesperson of the Callaghan Innovation has told media that the grants offered by them help fund up to a maximum of 40% of a prospective project. The spokesperson went on to say that in the last fiscal, the concerned government-backed institute approved 355 such R&D Project Grants.
This platform was founded as MyBitcoinSaver back in 2014. This Auckland-based platform offers residents of New Zealand the opportunity to make a limited investment on a weekly basis in major crypto currencies such as Bitcoin and Ethereum. Reports say Vimba platform has received two-round of investments till now. They are all set to launch their UK services in the coming weeks.
While commenting on the client base of the company, CEO of the company Sam Blackmore, has said that their clientele has “remained very stable” inspite of the fact that 2018 was largely a bearish cryptocurrency market. It is learned that Blackmore believes Bitcoin is “more efficient, more accessible, more secure version of that rare asset” and therefore will at least be able to reach the market capitalization of gold.
Photo Credit: pixabay.com