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Brazilian cryptocurrency startup receives R$15 million from Shibata Group

RIO DE JANEIRO, BRAZIL - Brazilian startup Wiboo, which has developed a loyalty and engagement program on blockchain with its cryptocurrency Wibx, announced on Wednesday, April 28th, that it has received a R$15 (US$2.78) million investment from Shibata Group, a supermarket chain with 26 stores in São Paulo state.

According to Wiboo, the investment will allow the company to "expand its operation, hire new professionals, structure the business processes and improve the platform." The startup is the creator of WiBX, a utility token traded on Mercado Bitcoin exchange and that reached record trading in early March, when . . .

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