On October 21st, 2019, Bitcoin.com announced they have acquired a blockchain software start-up company that specializes in developing gateways to the digital economy, called O3 Labs. This deal will see O3 and Bitcoin.com become one as they create a single team dedicated to ‘creating tools for realizing the full potential of the Bitcoin Cash network.’ The two companies intend to put their heads and skills together to pioneer the financial services industry with Bitcoin.com as their brand.
This exciting news means Bitcoin.com will be able to create next-generation user experiences that not only help the community but partners alike. The financial services offered are intended to revolutionize web, mobile, smart devices, and much more.
Bitcoin.com’s CEO, Stefan Rust had a lot to say about the acquisition:
“With the O3 team joining Bitcoin.com, we look forward to accelerating services in our mobile applications serving anyone in the world with an internet connection, regardless of nationality, socioeconomic status, or access to traditional finance. This 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.
Our mission is to make money work for everyone, building tools and products that help people access Bitcoin Cash, a global financial system that’s fast, affordable, and available to everyone. Bitcoin Cash provides open, borderless, permissionless, censorship-resistant, private transactions. These core principles are at the heart of every service and product we offer at Bitcoin.com. We have known its importance for a long time and now the entire crypto industry is beginning to see this as well. We welcome the O3 Labs team with open arms to join us on this incredible adventure.”
This acquisition of O3 Labs only adds to the many services that Bitcoin.com has been building up as they recently launched a BCH trading platform and cryptocurrency exchange.
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