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.