Gatecoin, a bitcoin exchange startup based in Hong Kong, is participating in the SuperCharger Accelerator. The 12-week program for FinTech companies started on January 11 and will conclude in April, with a demonstration on the last day. The SuperCharger Accelerator program is supported by Baidu, China’s leading web engine, as well as Standard Chartered, one of the world’s premier international banks. TusPark Global Network, a co-working space operator, cofounded the program. Global and regional firms such as the Hong Kong Stock Exchange, Fidelity, Ernst & Young and Microsoft are backing up the accelerator.
In an interview with CoinDesk, CEO and co-Founder of Gatecoin, Aurélien Menant, said that in exchange for a 5% equity, the company has received an investment worth $25,000. Advisors of the program from Barclays and Paypal, as well as supporters of the initiative, will be working with the company.
According to Menant, Gatecoin is working on a proof-of-concept that should be released by the end of the program. Additionally, the company is currently working on incorporating a blockchain remittance service in addition to a bitcoin brokerage solution with an international bank based in Africa and Asia. Menant also said that they are studying other projects with the sponsoring companies.
Some of the Gatecoin staff members will be relocating to Hong Kong, where the SuperCharger Accelerator offices are located. The engineering team will be staying in their city offices.