JAPAN, TOKYO, October 23, 2019 — Bitcoin.com has acquires blockchain startup O3 Labs.
The Tokyo-based software company that specializes in developing gateways to the digital economy.
O3 Labs team join Bitcoin.com, forming a single team dedicated to creating tools for realizing the full potential of the Bitcoin Cash network. The two companies intend to work together to build the next generation of mobile financial services, which will bear the Bitcoin.com name.
The strategic acquisition of O3’s blockchain and app development talent will allow Bitcoin.com to create intuitive and easy-to-understand user experiences that tie together Bitcoin.com, partners, and community financial service offerings across web, mobile, smart devices, and beyond.
Stefan Rust, CEO of Bitcoin.com said, “With the O3 team joining Bitcoin.com, 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.
“This will give users the ability to manage, grow, and spend while doing business with whomever they want, whenever they want, without the need for traditional banks or financial intermediaries. Our mission is to make money work for everyone, building tools and products that help people access Bitcoin Cash, a global financial system that’s fast, affordable, and available to everyone.
“Bitcoin Cash provides open, borderless, permissionless, censorship-resistant, private transactions. These core principles are at the heart of every service and product we offer at Bitcoin.com. We have known its importance for a long time and now the entire crypto industry is beginning to see this as well. We welcome the O3 Labs team with open arms to join us on this incredible adventure.”
Bitcoin.com has been rapidly expanding its suite of services, most recently launching an anonymous peer-to-peer BCH trading platform and a cryptocurrency exchange to complement its existing Bitcoin Cash focused products. The company’s portfolio of services has expanded further under Stefan Rust, who assumed the role of CEO in August 2019, with Roger Ver assuming the new role of Executive Chairman. In September, the Bitcoin.com Wallet, which has accrued over 4.7 million wallets created, was integrated into the HTC Exodus 1 blockchain smartphone.
Bitcoin.com operates a major Tokyo office and maintains close ties with Japan’s crypto community. The O3 Labs team, founded by Apisit Toompakadee and Andrei Terentiev, is best known for developing user-friendly gateways for accessing leading blockchain networks.
Tools developed by O3 Labs include desktop and mobile wallets which enable users to purchase cryptocurrencies directly and an application platform for privately connecting to decentralized apps.