BitPlay gets investment from the richest man in Asia

BitPlay, the Atlanta-based company that aims to become the PayPal of the virtual currency world, has received investments from Li Ka-shing, the richest man in Asia through his venture capital company, Horizons Ventures. because of the uncertainty surrounding Bitcoin in Asia, the Hong Kong-based billionaire is buying into Bitcoin growth in the U.S.

After some serious drubbing in two of the world’s largest countries during past few weeks, the Bitcoin ecosystem may have found its biggest individual backer yet in Li Ka-shing, Asia’s richest man. Li is now an investor in Atlanta-based BitPay, the startup with ambitions to become the PayPal for the virtual currency world. He has made this investment through his venture capital company, Horizons Ventures, an early investor in companies such as Facebook, Waze, Skype and Summly, which manages $150 million in 3 different funds.

Categorized as Startups

By Rocco Penn

A tech blogger, social media analyst, and general promoter of all things positive in the world. "Bring it. I'm ready." Find me on Media Caffeine, Twitter, Facebook, and Google+.

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