BitcoinBlack receives investment from FD7 Ventures

By Pavithra R

FD7 Ventures, a global cryptocurrency investment fund, has announced investing in BitcoinBlack, Canada’s Bitcoin Credit Cards, acquiring 33% Class A voting common shares in the company.

Over the last couple of years, metal credit cards have emerged as a symbol of prestige signifying luxury and VIP status. BitcoinBlack is planning to use the undisclosed funding amount to help accelerate the company’s growth, which bills itself as “The World’s Most Exclusive Metal Black Card.” The cryptocurrency credit card firm plans to deliver their inaugural batch of metal black credit cards to the first 1000 Canadian customers on June 15th.

“Not only will our customers be able to spend their Bitcoin worldwide wherever VISA is accepted, but our cardholders will be eligible for many VIP perks like access to exclusive private jet, luxury car and hotel deals, along with admission to special invite-only crypto events,” said BitcoinBlack Chief Marketing Officer Mark Holland.

BitcoinBlack has announced that the company will only issue 1000 of their exclusive cards in the 2021 calendar year. The exclusive metal black credit card will connect to BitcoinBlack’s Wallet which will be made available for download to all cardholders.

“We invested in BitcoinBlack because it is a big step toward the mainstream adoption of Bitcoin and crypto across Canada. It gives Canadians the ability to use Bitcoin as a means to make purchases in a format that they are already familiar with. It’s also a lot ‘cooler’ than, say, the American Express Black Centurion,” said FD7 Managing Partner, Prakash Chand, who has been a Bitcoin investor since 2011.