Gatecoin joins SuperCharger Accelerator backed by Standard Chartered and Baidubr>
Gatecoin announced it has joined a startup accelerator backed by Standard Chartered and Chinese Web services giant Baidu.
The company is receiving a $25,000 investment in exchange for a 5% stake in the startup. Gatecoin will also work with advisors to the program, which are drawn from those sponsoring the initiative as well as firms like Barclays and PayPal.
“Gatecoin is currently working on integrating a bitcoin brokerage solution and a blockchain remittance service with an international bank operating in Asia and Africa. The proof of concept should be released by the end of the program. Other projects with the sponsoring companies are currently being studied,” said Gatecoin co-founder and CEO Aurélien Menant.
The SuperCharger Accelerator will run over three months, concluding with a demonstration day in April.
Gatecoin is a bitcoin exchange based in Hong Kong.