Vimba Receives Grant From New Zealand Government

Vimba Receives Grant From New Zealand Government

Vimba, a Crypto savings and trading platform based in Auckland, has been given a $300,000 grant by a New Zealand government entity.

Grant Proof Of Faith In Crypto Sector

While lauding the generosity of the government entity, Callaghan Innovation, in giving it that much money in the grant the chief executive of Vimba Sam Blackmore officially praised the entity for believing in the start-up.

He stated in a press release that the grant was a significant investment made by Callaghan Innovation to the start-up and that the investment was a show of the confidence Callaghan Innovation had in the future of the asset class.

Vimba was founded four years ago by a pair of Bitcoin enthusiasts that was previously known as the MyCryptoSaver. They later rebranded to Vimba in order to reflect the wide variety of services that were available on the platform.


Bitcoin May Soon Reach Gold Market Cap

At the moment the platform allows its users to utilize the New Zealand Dollar to buy digital assets like Bitcoin and Ethereum. While commenting on its plans of increasing the range of services available on its platform, Blackmore commented that the firm was looking into increasing the number of Cryptocurrencies it offers.

Many traders and investors in Crypto have registered a level of disillusionment because of the drastic fall in the price of Bitcoin from over $20,000 in late last year to an amount that has fallen past the $5,000 mark this year. With many within the Crypto community not being certain about the future of Bitcoin, there has been an increased pessimism about what the price of other digital assets in the sector will be.

Even in the face of the gloom that has encompassed the current Crypto sector with the current extended bear market, Blackmore is urging people to not be put down by the current market but to instead focus on the positive trend that is going to be experienced in the long-term.

He said that as a firm they are holding on to the belief that Bitcoin will soon get to gold’s market cap due to the fact that it is not only more efficient but also easily accessible as well as more secure much like gold itself. Blackmore enthused that in order for Bitcoin to get to this market cap, Bitcoin’s price would have to grow to $600,000 which is sixty times more than what it is currently valued at.

new zealandFuture Plans Of Expansion

According to Blackmore, these prospects mean that it is still not too late to invest in digital assets as the long-term prospects are still very much promising.

Matt Gibson, the start-up’s chief operating officer has said that the firm will be using the grant offered by Callaghan in the promotion of a technological innovation that will allow the start-up to send Bitcoin to many customers at one go. According to him, this will help distinguish the firm from its competitors.

The firm is also looking to get into the UK market where Blackmore is currently residing on a temporary basis.


  • Avatar

    air max

    December 20, 2018 - 4:02 am

    I would like to voice my gratitude for your kindness supporting those people who really need help on the study. Your real commitment to getting the solution all through has been particularly functional and has usually made guys and women much like me to reach their objectives. Your entire insightful facts can mean much a person like me and much more to my fellow workers. Thank you; from all of us.

  • Avatar

    jordan retro 6

    December 21, 2018 - 10:05 am

    I truly wanted to make a simple message to be able to say thanks to you for all the wonderful ways you are giving out on this website. My rather long internet search has now been honored with excellent knowledge to share with my great friends. I would express that many of us readers are really endowed to live in a good place with many awesome professionals with very helpful opinions. I feel very happy to have used your entire web site and look forward to tons of more thrilling moments reading here. Thanks once again for everything.

  • Avatar

    yeezy 500

    December 22, 2018 - 5:58 pm

    I happen to be commenting to let you understand of the outstanding encounter my friend’s child developed going through your web page. She picked up lots of pieces, including what it’s like to have an excellent helping heart to let the rest smoothly grasp specific multifaceted matters. You undoubtedly exceeded visitors’ desires. Many thanks for displaying such precious, safe, educational and as well as unique tips about this topic to Lizeth.

  • Avatar

    golden goose sneakers

    December 23, 2018 - 1:30 am

    My husband and i felt now excited that Emmanuel managed to carry out his survey from the precious recommendations he grabbed out of your site. It’s not at all simplistic to just possibly be giving out thoughts most people might have been selling. Therefore we fully understand we now have you to be grateful to for this. Most of the illustrations you’ve made, the straightforward website navigation, the relationships you can make it possible to promote – it’s everything overwhelming, and it’s aiding our son in addition to us do think the theme is amusing, and that is particularly vital. Thanks for everything!

  • Avatar

    air jordan 13

    December 23, 2018 - 8:59 pm

    I simply wanted to construct a quick note so as to express gratitude to you for all the nice solutions you are giving out at this website. My incredibly long internet look up has now been paid with pleasant tips to write about with my guests. I ‘d express that most of us website visitors are truly blessed to exist in a very good site with many brilliant individuals with valuable solutions. I feel somewhat fortunate to have come across your entire web site and look forward to some more exciting minutes reading here. Thank you once again for a lot of things.

  • Avatar

    curry 5

    December 25, 2018 - 7:43 pm

    My wife and i were glad that Albert could complete his basic research through the entire precious recommendations he acquired from your very own blog. It is now and again perplexing to simply find yourself giving for free guides that many some other people have been selling. And now we recognize we’ve got the writer to be grateful to for this. The most important illustrations you have made, the easy blog navigation, the relationships you will make it easier to create – it is many exceptional, and it’s leading our son in addition to our family feel that this situation is brilliant, and that is highly indispensable. Many thanks for all the pieces!

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Share via