ShowPay, a blockchain enterprise from the Bitcoin SV (BSV) ecosystem in China announced the completion of an angel round of funding. This round of investment is led by Jinghe Investment, a subsidiary of China Lantian Corporation, with another VC participating.
The funds will be mainly used for: 1) strengthening the basic research and development of the global distributed ID “MetaID” based on BSV; 2) establishing a non-profit fund to promote the adoption of MetaID; 3) expanding the team.
Founded in 2019, the Guangzhou, China-based ShowPay is a global cryptocurrency payment system powered by BitcoinSV. The company offers a box-fresh POS/Wallet FREE for all merchants. We offer assistance and guidance in the adoption of cryptocurrency payment processing. ShowPay is designed to support many cryptocurrencies including Bitcoin SV, BTC, Libra, DCEP plus more.
“I think the global ID based on blockchain is the most important link in the future blockchain world, and it must be the next wave of the blockchain industry, because without the global ID based on blockchain, it is impossible to usher in the large-scale popularization of blockchain applications. I am very optimistic about the MetaID being built by the ShowPay team. I believe that MetaID will become the largest global ID scheme on the blockchain in the next five years, and will become the most important infrastructure of the next generation Internet. We will continue to invest in important infrastructure blockchain projects.” The chairman of Jinghe Investment Mr.Gong said.
Jinghe Investment is a company with a background related to China state-owned assets. Previous investment cases of Jinghe were mostly industrial projects, and it is the first time they’ve invested in blockchain field projects.
Back in July, Bitcoin SV’s Bitcoin Association has launched a ‘Bitcoin SV Developer Zone’ in partnership with Chinese Software Developer Network (CSDN), the largest developer community in China and has 31 million users.
Read more:
- Dogecoin Emerges Among The Top Rewarding Projects For Miners, Exceeding Bitcoin SV And Even Bitcoin Cash
- Here Is A Look At Three Issues That Could Spell Trouble For Bitcoin SV In The Near Future