Cryptographic asset investments triple to $ 14.4 billion as big names start to see value | Blockchain



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This year has already been marked by significant investments in hedge funds and venture capital companies specializing in cryptocurrencies.

In the last 12 months, investments in cryptography badets have nearly tripled to $ 14.4 billion, spread across more than 700 companies and funds, according to Crypto Fund Research.

Despite initial skepticism, we have encountered Bitcoin, etc., and since even today, companies are putting much more into the underlying blockchain technology than the digital tokens themselves, big companies start investing.

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Ping An, Alibaba, Baidu, JD.com and many other major organizations are among the major players in the Chinese market. first to the list in the country's blockchain service provider registry as China seeks to develop its own government-backed cryptocurrency.

Facebook is also looking to develop his own cryptocurrency, with the social media giant ready to integrate its new currency to the WhatsApp messaging platform.

In addition, PayPal made its first investment in the blockchain, but instead of engaging in cryptography, it will look at the uses of shared ledger technology for data management at Cambridge Blockchain.

Lastly, last month it was revealed that Visa was studying the possibilities offered by crypto-currencies, with the company posting ads to hire an expert for its new cryptocurrency team.

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