In line with a recent announcement published, Callaghan Innovation issuedan“R&D Project Grant” tonativedigital wallet andtradingplatform Vimba, a rebranded version of former MyCryptoSaver. Following the grant, the crypto startup is reportedly set to expand its offerings,along with tolistadditionalcryptocurrencies andaltermulti-signature crypto wallets.
R&D Project Grantsarea sortof co-funding fora researchand development project. A Callaghan Innovationinterpretertold that the grants fund up to40%of a project,and that355 such grants were approvedthroughoutthe lastfiscal month.
Founded earlier in the year 2014 as MyBitcoinSaver, Auckland-based Vimba platform offers NewZealandresidents withrestrictedweekly investments in major cryptocurrencies including Bitcoin [BTC] and Ethereum [ETH]. Since its launch, Vimba has underwent2investment rounds,and canreportedly launch serviceswithin theU.K.within the upcoming fewweeks.
Thechief executiveoffice ‘SamBlackmore’ of Vimba commented that firm’sconsumerbase has “remainedquitestable” despite thepessimisticmarket this year. Blackmoreadditionallyexpressed company’s belief that Bitcoin [BTC]can“at least reach the market cap of gold,”because ofbeing a “moreeconomical,additionallyaccessible, more saferversion of that rareasset.”
The neighbouring state of Australia hasadditionallyawarded govt. grants to crypto and blockchain startups. In August,the govt.of the state ofQueenslandissued a grant to a crypto travel startupreferred to as TravebyBit asa part ofover $8.3 Mln in innovation funding.The corporateis expectedsupposedlyto boosttourism to the state bysellingtravel offers with cryptocurrencies.
Even earlier in July, theQueenslandCane Growers Organization received a $1.7 Mln government grant to implement blockchain technology forfollowingtheprovenanceof sugarsupplies.