Two Ohio Accelerators Invest More Than $100 Million USD In Crypto Firms

2018-12-3 21:12

Two companies of the state of Ohio, in the United States, have recently invested more than $100 million USD into blockchain companies. The two startup accelerators have their eye on the blockchain technology now and, according to the original reports, which were made by Cleveland.com.

JumpStart, an Ohio-based nonprofit that is mainly focused on helping young startup companies, is together with other companies from Ohio donating the money to help these startups. Another business accelerator called FlashStarts, which is also from Ohio, will make $6 million USD available for companies that want pre-seed funding rounds.

The original announcement was made on the Blockchain Solutions Conference, which happened in Cleveland and was a project of the CEO of JumpStart, Ray Leach. At the time, he suggested that some other companies in the region were thinking about investing more than $200 million USD in startups of Ohio but there was no official confirmation of that.

Ohio, The Home Of The Blockchain?

During 2018, Ohio has become a significant hub for blockchain activity as it is deemed to be one of the most pro-blockchain states in the United States.

Just last week, the state allowed its residents to pay taxes using Bitcoin (BTC), which helped many businesses of the region who get their money in the forms of cryptos to use it to pay their utility taxes.

Ohio was also one of the states that officially recognized the blockchain technology as a way to store and transact data and some of the politicians in the state are already planning to turn the state into a blockchain hub in the near future.

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