2016/10/24 10:02 AM
SAN DIEGO — Airbitz, a popular bitcoin wallet provider, has announced the launch of a new crowdfunding campaign through Wefunder. Through Wefunder’s BitPay integration, Airbitz will become the first company to raise bitcoin investments in full compliance with Title III of the JOBS Act.
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Airbitz to Raise Funds in Compliance With SEC Rules
The JOBS Act — or the “Jumpstart Our Business Startups Act — was signed into law on April 5, 2012. The purpose of this law is to make it easier for startups to go public and raise capital privately. Title III of the Act applies specifically to crowdfunding, which Airbitz will now take advantage of in raising new funds for expansion.
“We hope to obtain new capital to grow our company,” Airbitz CEO Paul Puey told Bitcoinist. “And by doing it through crowdfunding, we enable our existing user base to take part and feel a sense of…