Buttercoin Raises $1M To Reinvent Remittances Via Bitcoin

Buttercoin, a bitcoin trading engine looking to further the currency’s use in the remittance market has raised $1 million in seed funding, TechCrunch reported on August 20.

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    Participating investors included Floodgate, Initialized Capital and Rothenberg Ventures. Google Ventures’ Kevin Rose and Chris Hutchins also contributed to the round. 

    For more on how the four-person startup is looking to attack this market, read the full report here.