“Switzerland has emerged as a hotbed of digital currency startup activity, and we were attracted by its leadership in conservative financial legislation,” said Adam Traidman, CEO of breadwallet. “Its strong reputation for financial privacy for consumers is the ideal fit for our charter to empower individuals with the benefits of bitcoin.”
Breadwallet develops and operates a decentralized bitcoin wallet application. At the same time that the company announced establishing its headquarters to Switzerland, it also revealed that it secured $7 million in a new funding round. It will use the new funds to expand its business development and improve its bitcoin wallet with significant upgrades and new features.