CHAIN ENDS ITS FREE BITCOIN API SERVICE

Chain is shutting down its free Bitcoin API service as a part of a wider effort to become an enterprise blockchain technology solutions provider from an API service provider.
Chain, a blockchain technology startup has announced the end of its free Bitcoin API service. The San Francisco-based company secured a $30 million investment in a round of funding in September, with investors such as Visa, Nasdaq and Citi.
Initially, Chain -through the use of its API and system nodes – offered services as an API services provider to bitcoin platforms. By hitting the kill switch on its free API service, Chain is transitioning to the most sought-after endeavor in Fintech, blockchain-powered private platforms.
The seeds for the shift in focus were sown when Chain partnered with Nasdaq to usher in block chain technology to the private industry. Chain is also one of six private companies participating in Nasdaq’s blockchain-powered trading platform it helped build – Linq. The private blockchain enables private companies to transfer their shares on the platform, before they go public. Chain collaborated with Nasdaq’s in-house development team and IDEO, a global design firm to create Linq.

This post was published at Crypto Coins News on 03/12/2015.