Bitwala is attracting huge investments. Project overview
November ends with many key events that we will remember for many months to come. Hacking projects, hard forks of popular coins, returns of cryptocurrency exchanges, ups and downs of assets – all this has happened, and all this will be. But until the month comes to an end, we want to tell you about a project that has not left the headlines lately. Next, we will talk about the young company Bitwala, which raised 15 million euros for its own development. Is the investment in this firm worthwhile? Let’s figure it out. So let’s get started.
A little about the company
To give a sound assessment of a particular company, obviously, it is necessary to get acquainted with the essence of its work. Therefore, first of all, we will deal with theoretical coverage of the enterprise. Bitwala is a bitcoin banking platform, that is, the platform is engaged in the creation of products for convenient interaction with digital accounts. The company produces appropriate products that allow ordinary users to use their own money with greater speed and better comfort. But, of course, only in cryptocurrency. The direction of activity is really promising, and therefore Bitwala representatives have already managed to establish themselves as reliable and experienced entrepreneurs.
But, despite the previously deserved popularity, the company does not stop there. The company continues to develop, introduce new products and delight regular customers. Nevertheless, such developments require money. Much money. And what does a young project do when it needs funds? That’s right, opens the collection of investments. This is exactly what Bitwala specialists did.
In the first round of financing, the company managed to raise just over 15 million euros. This is colossal money that came from a variety of partners. The company’s investors include such companies as Coparion, Global Brain and other prominent figures in the modern crypto industry. The company plans to use the funds received to develop its own advertising. And also to create additional, new products that will attract the audience and confirm the placed trust. At the moment, the main activity of the company is focused on maintaining the service, which allows combining fiat and digital funds. This is a fundamentally new product that has no serious analogues.
Should you partner with Bitwala?
Obviously, after reading about the prospects of a particular project, each user with free capital will want to invest in a particular company. Therefore, it is necessary to give an objective assessment of the company. There is no doubt that Bitwala will not stop there and will continue to delight its own audience. However, you cannot blindly invest money either. The cryptocurrency market is an endless roller coaster, and therefore each project can instantly drop in price. That is why we strongly advise you to independently evaluate the company, give the company a subjective assessment and draw appropriate conclusions. Only such a thorough approach to the selection of potential partners will allow you to invest accurately and increase your own capital.
Yes, cold numbers show that Bitwala products have a bright future, but statistics and analysis are only part of the company’s overview. You always need your own balanced opinion. The main thing is to follow the news of the cryptoindustry, stay up to date with current events. You can find out about all the latest news from the world of Blockchain and technologies from our news feed. Thanks for attention. Good luck!
