New Zealand’s government-backed innovation institute Callaghan Innovation has invested $330,000 into a local cryptocurrency savings, trading platform, and wallet called Vimba, according to a press release of the company.
The investment was made under an “R&D Project Grant” issued by Callaghan Innovation. As it was stated, cryptocurrency startup will use this funds to expand the range of services that it offers, list more cryptocurrencies and enable multi-signature crypto wallets.
Auckland-based Vimba platform was initially founded in 2014 by the name MyBitcoinSaver. The main aim of the platform is to provide New Zealand residents with limited weekly investments in major cryptocurrencies.
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