The less controversial name behind Bitcoin SV, Calvin Ayre, has decided to invest some millions into a new crypto exchange called DRIVE Markets, the company has revealed today. According to the reports, the company is an institutional crypto and fiat exchange which also works in Forex markets.
Calvin Ayre is the founder of the Ayre Groupo and CoinGeek, as well as one of the two public faces of Bitcoin SV, the other one being the controversial Craig Wright, the man who claimed to be Satoshi Nakamoto without any proof and almost daily declares war on everybody. He and Wright were the two main forces during the hard fork that created Bitcoin SV off the Bitcoin Cash network last year.
Ayre has made his fortune with online gambling and has since then become an important name in the crypto scene. The U. S. government even tried to arrest him some time ago because of this links to gambling companies. Eventually, though, all charges were promptly dropped after he paid a half a million USD fine.
The Investment In DRIVE Markets
Now, Ayre has decided to make an undisclosed investment in DRIVE Markets. According to the company, the amount of money which was used to invest was in the “millions” range.
DRIVE Markets is based in Antigua and the reason why Ayre decided to invest in this company is that he likes entrepreneurs who can really focus on the technology, not the “noise”, which is why he likes DRIVE so much.
This was also a strategic move for Bitcoin SV, which may help the community to get some of the recognition that it struggles so much to get. After the investment, DRIVE Markets will list BSV tokens and start to use them to power DRIVE Pay, their settlement and clearing solution.
According to the CEO of DRIVE Markets, Kate Hiscox, the company was already looking for a solution that could help it to become a global leader in the industry and Bitcoin SV was a good match, as it could be used as the right solution to make this goal be true.
Bitcoin SV, according to Hiscox, is the right data ledger to use for DRIVE Pay and the team that develops the technology has a great level of expertise that will help the company to move forward even during difficult times.
Part of the reason why the technology was chosen was because of the 128 MB blocks that can be handled by BSV, which are far higher than the ones handled by other versions of Bitcoin.
Obviously, all this enthusiasm towards BSV might have also something to do with the large investment that Ayre made on the company as well.