Bonafide Raises $850k for Bitcoin Reputation System

Bonafide, a Bitcoin startup, has raised $850k USD for a project aimed at providing reputation tracking to the Bitcoin world. This funding round was lead by Quest Venture Partners, Crypto Currency Partners, and the AngelList Bitcoin Syndicate.
Brian Moyer, the co-founder of Bonafide, believes that reputation tracking is essential in the Bitcoin industry after suffering through the collapse of many fraudulent or incompetent companies. His service is aimed at providing stability and a sense of security to potential mainstream Bitcoin users, which could accelerate Bitcoin’s penetration into the global financial world.

This post was published at Coin Finance on Feb 02, 2015.