25 April 2018

Bitcoin incubator opens in Chicago

14 July 2015  |  7114 views  |  0 Chicago skyline

A collective of Chicago-based entrepreneurs and investors have opened an incubator for bitcoin- and blockchain-focused startups.

Based at 1871, the city's hub for digital startups, the Chicago Bitcoin Center promises to "foster a new wave of technological innovation on the blockchain". A similar operation launched in New York last year.

Firms joining the centre will get office space, access to mentorship from bitcoin entrepreneurs, technologists and investors, and a full suite of public relations and government affairs services.

"Chicago has a rich history and DNA in financial technology, and the blockchain has the potential to provide a new, open-source rail for FinTech innovation,” says Matthew Roszak, CEO of the new centre and a founding partner of Tally Capital.

The first set of incubator startups includes Bloq, a blockchain technology company; Glidera, a digital currency merchant services provider; Red Leaf, a bitcoin ATM operator; and OasisCoin, a bitcoin remittance provider.

Meanwhile, 1871, which houses some 325 early-stage digital companies, is promising to promote the use of bitcoin, in part by letting members pay their rent in the cryptocurrency.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Citi builds blockchains

Citi builds blockchains

02 July 2015  |  11546 views  |  2 comments | 24 tweets | 12 linkedin
Greeks flock to Bitcoin

Greeks flock to Bitcoin

30 June 2015  |  12992 views  |  0 comments | 32 tweets | 18 linkedin
Canadian senate committee urges 'light touch' Bitcoin regulation

Canadian senate committee urges 'light touch' Bitcoin regulation

19 June 2015  |  25378 views  |  0 comments | 8 tweets | 8 linkedin
Emerging Payments Association sets up incubator

Emerging Payments Association sets up incubator

18 June 2015  |  6618 views  |  0 comments | 11 tweets | 7 linkedin
Bitcoin startup Xapo adds Wall Street heavyweights to advisory board

Bitcoin startup Xapo adds Wall Street heavyweights to advisory board

26 May 2015  |  5433 views  |  0 comments | 10 tweets | 4 linkedin

Related blogs

Create a blog about this story (membership required)
Visit www.nextgenbanking.co.ukvisit www.ebaday.comVisit www.abe-eba.eu

Top topics

Most viewed Most shared
Top tier banks pass first transactions on trade finance blockchainTop tier banks pass first transactions on...
14882 views comments | 21 tweets | 28 linkedin
TransferWise becomes first non-bank to open settlement account with BofE RTGSTransferWise becomes first non-bank to ope...
11465 views comments | 18 tweets | 32 linkedin
'Fake data' will make banks vulnerable - Accenture'Fake data' will make banks vulnerable - A...
9808 views comments | 26 tweets | 36 linkedin
Irish central bank tunes in to fintechIrish central bank tunes in to fintech
8898 views comments | 20 tweets | 21 linkedin
Major card schemes zero in on single 'buy' button for online commerceMajor card schemes zero in on single 'buy'...
8832 views comments | 20 tweets | 36 linkedin

Featured job

Find your next job