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.

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.