Bitcoin incubator opens in Chicago

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A group of Chicago-based technology entrepreneurs and investors has opened a new incubator for Bitcoin and Blockchain-focussed start-ups.

The Chicago Bitcoin Center is launching at 1871, the city’s hub for digital designers,engineers and entrepreneurs.

“Chicago has a rich history and DNA in financial technology, and the blockchain has the potential to provide a new, open-source rail for FinTech innovation,” says Matthew Roszak, CEO of the new centre and a founding partner of Tally Capital.

The Center will work with companies on the development of Blockchain technologies, provide office space in the Chicago Bitcoin Center, as well as provide incubator companies with access to mentorship by leading Bitcoin entrepreneurs, technologists and investors.

“The Chicago Bitcoin Center is open to designers, developers, entrepreneurs, and all those dedicated to building tomorrow’s next chapter of financial technology,”  Roszak continued.

The Chicago Bitcoin Center also provides a full suite of public relations and government affairs services to member companies. This incubator is one of many efforts being undertaken at 1871 to foster innovation around financial technology.

In conjunction with the launch of the Chicago Bitcoin Center, 1871 has announced that it will now be able to accept payment in bitcoin. Additionally, members will be invited to pay their rent in bitcoin, should they so desire. This is one of several steps 1871 will be taking to promote the use and acceptance of bitcoin.

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