BitFury Goes FinTech In The U.K.

November 18, 2015, The BitFury Group, the leading Bitcoin infrastructure provider has announced a move into the realm of FinTech. The company is partnering with a series of groups who occupy the European financial technology scene. BitFury is not only collaborating with individual industry leaders they are also setting up shop in London as well. Valery Vavilov, BitFury CEO says:

“We are proud to make our market-leading infrastructure available to European financial Institutions seeking to explore the potential of the blockchain technology,” — Valery Vavilov, BitFury

Also read: Nasdaq to Introduce Blockchain Technology to Estonian Settling and Clearing Business

BitFury is opening up an office located within Europe’s prestigious technology accelerator FinTech Center Level 39. The move will allocate the company’s blockchain infrastructure and transaction platforms amidst financial technology startups and operations in the region. The San Francisco based Bitfury has also partnered with the leading FinTech company Innovate Finance and has become part of the nonprofit organization in the thick of technology startups.

The distributed ledger infrastructure team will help support innovation utilizing Innovate Finance’s inhouse blockchain laboratory that also includes the software giant IBM. They will also be working alongside Hartree Lab researching applications using Bitcoin technology. Valery Vavilov, BitFury CEO, “We are looking forward to working closely with Innovate Finance, UK government, Level 39 and European-based financial institutions to facilitate adoption of blockchain technology in Europe.” Blockchain analysis has spearheaded the financial tech industry in Europe, Canada, and the United States. BitFury wants to lead development within this industry and encompass the elements of emerging sciences.

Innovate Finance was founded in 2014 as an independent non-profit firm. The company’s goals are to help accelerate the United Kingdom’s leadership in the financial tech sector. The group has over 150 members and have contributed to an array of seed startups and traditional institutions. Innovate Finance CEO Laurence Wintermeyer said: “Innovate Finance welcomes BitFury, one of the world’s largest blockchain processing companies, as a valuable member of our organization. BitFury’s proven track record of enterprise-grade deployment and continued technological innovation will add great value to Innovate Finance’s ecosystem and the blockchain lab,” BitFury has shown a track record of trying to innovate throughout many locations around the globe including adding a Technology Park in the U.S. state of Georgia.

BitFury has a solid reputation by providing technology to the Bitcoin mining realm and has claimed to double performance every 6-12 months. Vavilov has been proud to enter new areas around the globe with his bitcoin company and has looked to help produce better technologies worldwide.

Bitcoin.com will keep up with the latest developments with BitFury’s acquisition of land in Georgia and its new office within the London FinTech community. As well as these new partnerships also keep a close eye on the company’s application-specific integrated circuit chips that BitFury competitively brings to the market.

What do you think about BitFury’s latest moves within the FinTech Sector? Let us know in the comments below.

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