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Blockchain.com Raises $120m from Google Ventures

Cryptocurrency wallet provider Blockchain.com has raised $120 million in funding from a host of macro investors, including Google Ventures.

Moore Strategic Ventures, Kyle Bass, Access Industries, Rovida Advisors, Lightspeed Venture Partners, Lakestar, and Eldridge all joined the round.

In a blog, Blockchain.com CEO Peter Smith says the firm has now seen over 65 million crypto wallets created in more than 200 countries. “And,” he claims “28% of all Bitcoin transactions since 2012 have occurred via Blockchain.com, representing billions in transaction volume”.

With bitcoin smashing through the $50,000 barrier this week, Smith says there is currently “immense optimism about cryptocurrency from serious, institutional investors”.

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At the same time, he claims that wider public support is down to unprecedented distrust in traditional financial institutions and that: “More than ever before, crypto begins to seem like the real Robin Hood of finance.”

Concludes Smith: “It’s time to bring billions of people into crypto and millions of institutions around the world. It’s time to build a financial system for the internet.”