Bitcoin startup Snapcard will close down its wallet service in the next few months, its operators said today.
According to Snapcard, the shutdown will begin next week, during which time it will push for its users to move funds off-site. Buying and selling features will be deactivated on 20th March, with a final closure date of 1st May.
The team said in the blog post:
The closure comes more than two years after the startup raised $1.5m in a seed round, netting capital from a group that included Tim Draper, Blockchain Capital and startup incubator Boost VC, among others.
"We genuinely mean it when we say, it’s been a hilarious rollercoaster being part of this space as we’ve seen the price reach record highs," the team concluded in its statement.
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