Foxconn Backs $16 Million Series B for Bitcoin Startup Abra
“Abra founder Bill Barhydt now envisions that bitcoin micropayments and smart contracts, combined with IoT, can underpin a new type of consumer credit.
Previously, Foxconn has tested blockchain technology for supply chain management, its investment in Abra shows a new willingness for the company – best known as the manufacturer of Apple’s iPhone – to embrace other potential use cases. Since Abra is a purveyor of a bitcoin remittance app, the investment could be read as a business-to-consumer and financial inclusion play…”
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https://www.coindesk.com/abra-bitcoin-16-million-series-b-foxconn/
