It is no longer a secret that Sir Richard Branson – known for his Virgin brand – has a keen interest in digital currency and the underlying technology. Not only will Necker Island be the home of an upcoming Bitcoin and blockchain technology conference, but Virgin Galactic is also accepting Bitcoin payments to take you to space. And Virgin Mobile’s Pitch to Rich competition is attracting Bitcoin startups as well.
Sir Richard Branson, Virgin-related Companies and Bitcoin
Over the past few months, it has become crystal clear that Virgin – and all of its subsidiary brands – are keeping a close eye on Bitcoin and blockchain technology. VIrgin Galactic, the only company looking at commercializing space flights for everyday people, is accepting Bitcoin payments. Granted, this is not something available to everyone, as you need quite a budget to purchase a ticket. Still, the option is there.
On top of that, Sir Richard Branson’s private island – Necker Island – will be hosting a summit on Bitcoin and blockchain technology soon. This is a very limited event. There will only be about 30 people from the Bitcoin industry present during this summit but who knows what will come from such an event in terms of adopting blockchain technology for various purposes?
The more recent announcement comes in the form of Virgin Mobile’s Pitch to Rich competition and how this is attracting Bitcoin startups. As you would expect from such a competition, the plan is to find the best British entrepreneurs. Winners of this competition will receive up to 250,000 GBP in funding and mentorship from Sir Richard Branson himself.
Lazypay, a British Bitcoin startup, joined this competition a few days ago. In fact, they are the only Bitcoin-related startup in the entire competition. Considering how Sir Branson is a fan of Bitcoin and blockchain technology, we can only hope to see Lazypay receive the necessary support so they can take their business model to the next level.
Lazypay – A Mix of Bitcoin Services Combined Into One Platform
What makes Lazypay such an interesting platform is their vast array of different services. This is not just a Bitcoin exchange, even though that is one aspect of their business model. Lazypay also offers a wallet service, and processes Bitcoin payments on your behalf. All in all, the Lazypay team has all the right tools for bringing Bitcoin to everyday consumers.
Even though Lazypay has not been around for that long, the company has major plans for the near future. At the top of the priority list is the hope of expanding their business to more areas in England, and the rest of Europe shortly after. Lazypay’s first stop along the way is no other than London, England, as this city is the financial capital of the world.
“There is a real appetite for bitcoin merchant services and we are on a mission to help bitcoin reach the tipping point we all know is around the corner. Our goal is to sign up at least 100 pre-registered merchants before the apps official launch this summer. “ a Lazypay representative told DigitalMoneyTimes.
The Pitch to Rich competition is still in the early stages right now, and the top 50 shortlist of companies making the “cut” will be announced in the next few days. Once that list has been published, every company on there will be subject to phone interviews and workshops, courtesy of Virgin Mobile. The cherry on top comes in the form of the ten best start-ups being given the chance to pitch their idea to a panel, including Sir Richard Branson himself.
Images courtesy of LazyPay, Virgin Mobile and Sir Richard Branson