Bitcoin.com Japanese Blockchain
Bitcoin.com Acquires O3 Labs, Japan
October 23, 2019
Bitcoin.com Japanese Blockchain
Bitcoin.com Acquires O3 Labs, Japan
October 23, 2019

Bitcoin.com has acquired O3 Labs, the Japanese blockchain developers and will absorb the team, as the company announced on October 21 (Monday).

Stefan Rust, the CEO of Bitcoin.com, said that the deal, which began in talks a few months ago and closed recently for an undisclosed sum, will see O3 Labs’ eight-person developer team integrate into Bitcoin.com’s 30-person engineering team.

However, they will begin working on applications to support the Bitcoin Cash Network. Roger Ver, the Executive Chairman of Bitcoin.com, whose early bet on Bitcoin and subsequent crypto evangelism earned him the nickname “Bitcoin Jesus”, is a major promoter of Bitcoin cash.

Rust also told that the partnership is going to play into Bitcoin.com’s goal of opening up global finance and wallet functionality.

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In a statement, he also said:

“The partnership will give users the ability to manage, grow, and spend while doing business with whomever they want, whenever they want, without the need for traditional banks or financial intermediaries.”

Stefan Rust

When asked for the specific projects, Rust declined by saying that O3’s members would now work on. He also said that projects including a wallet “privacy mode” and integration of simple ledger protocol tokens that pay holders dividends, were in the works.

He added:

“I think you can see some interesting innovations in our wallet within the next 2-3 months.”

Stefan Rust

The statement also said that the O3 team has previously built NEO and Ontology blockchain applications.

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Source: coindesk.com


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Ishita Bora

Ishita Bora is a Senior Content Creator at Digital Notice Media Labs with an experience of 1 year. She has completed her Master's Degree in Language and Linguistics in 2019 from Gauhati University, India. Her interest lies in blockchain technology and cryptocurrency space, as she loves writing about blockchain and other blockchain-related articles. Currently, she is working on blockchain-based news, reviews, featured articles, and guides.
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