Baidu Start Investing In Startup Blockchain

Baidu Start Investing In Blockchain Startup - After Lama Stop Accepting Bitcoin In the Year 2013

 Baidu. One China-based search engines are now starting to invest in a startup Blockchain American origin, Circle. Startup Circle, some time ago was able to raise up to 60 million dollars from a consortium in the United States.Whereas in 2013 and then, Baidu never stopped accepting Bitcoin. At that time, the Central Bank of China prohibits financial institutions to handle transactions Bitcoin. As a result, there is a fairly drastic price declines occur.Baidu investment made in this Circle, may be open space in order to receive cryptocurrency like Bitcoin. As he had done before. Especially when it's technology and cryptocurrency Blockchain like Bitcoin and others are becoming increasingly popular.Of course, Baidu's own party also have to follow the pattern of trends in the market. Moreover indeed it can help significantly, not merely be a mere trend. Plus, this time the Chinese government started welcoming with cryptocurrency.But not only investment in Circle only. Reportedly, Baidu also invest in Zest, a startup that also comes from America. Startup This is a startup with credit scores platform, overcoming the traditional credit system market is considered broken.Zest party explained that in China, there are half a billion people who have no credit history. But it is still considered valid data are lacking. So it is difficult to determine credit risk.Then the Zest startup company, to research in most of the data that can identify borrowers who have a good track record. So it hopes to be able to do the returns are also high. Ends, can be used as a benchmark for lending and lower credit costs to consumers.