Decentralized Marketplace OpenBazaar Raises $1 Million

By June 11, 2015Bitcoin Business

OpenBazaar has raised US$1 million in seed funding with the help of Andreesen Horowitz, Union Square Ventures, and angel investor William Mougayar. OpenBazaar , which just launched its fifth beta release , is the much-anticipated decentralized market to bitcoin’s decentralized money. Online commerce relies on many intermediaries, such as PayPal, but OpenBazaar allows users to conduct trade one-on-one with the help of notaries, multisignature transactions, and a reputation system .

The seed funding will be […]

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