Price-Stable Cryptocurrency Project ‘Basis’ Raises $133 Million in Funding


Basis, formerly Basecoin, has raised $133 million in a private placement, chief executive Nader Al-Naji revealed today. The Hoboken, N.J.-based project plans to create a stable cryptocurrency with an algorithmic central bank that will keep the price stable, something that has eluded cryptocurrency to date and limited its use as a reliable payment method. Funding

The post Price-Stable Cryptocurrency Project ‘Basis’ Raises $133 Million in Funding appeared first on CCN

Posted by Lester Coleman on April 18, 2018 @ https://www.ccn.com/price-stable-cryptocurrency-project-basis-raises-133-million-from-venture-and-institutional-backers/

Comments are closed.