When the mysterious Satoshi Nakamoto, a pseudonym for the masked unveiler of cryptocurrency, first released the original Bitcoin white paper and mining software to the public in October 2008, not much could be predicted as to just what a fully virtual, electronic currency would mean to the world's economy and its investors.
Fast forward over 10 years and cryptocurrency has become one of the most traded commodities worldwide — though there are still questions to be answered regarding the scalability and volatility of the crypto marketplace. We now live in a world where multiple forms of cryptocurrency are traded millions of times a day and companies have formed to bring the power of Bitcoin and its successors further, adding blockchains, virtual wallets, ways to mine for coins, security measures and more into the mix. Check out the following Bitcoin and cryptocurrency companies taking root in San Francisco.
Prominent San Francisco Bitcoin & Cryptocurrency Companies
- Kraken
- Cash App
- Ambisafe
- Blockchain Capital
- Filecoin
- Protocol Labs
- CoinList
Top Bitcoin and Cryptocurrency Companies in San Francisco
Protocol Labs is a research network that brings together over 600 tech companies, investors and startups. Its goal is to foster collaboration and develop breakthrough advancements for various technologies, including blockchain and AI. Protocol Labs was founded in 2014 and has launched several open-source projects, including Filecoin, a decentralized storage network.
Blockstream offers a full suite of products to navigate traders through the Bitcoin exchange process. The company's solutions include Bitcoin mining software, a global cryptocurrency data feed, secure Bitcoin storage and access to Bitcoin satellites, setting a global standard for working with and exchanging on blockchains.
Bitfury offers a variety of products used to manage many cryptocurrency operations, including high-power computing units, crypto-infrastructure and blockchain management tools. Other Bitfury solutions include Crystal, a blockchain investigation tool, the Tardis server for bitcoin mining and several editions of cooling units.
Ambisafe is a leader in supporting secure blockchain operations built on Etherium. Products available through Ambisafe include a multisig wallet to shield funds from compromise, token issuance, development tools and a white labelled decentralized trading platform.
Purse offers a method of spending and earning cryptocurrency through Amazon purchases. It matches users shopping on Amazon with an Earner who will use their own Amazon gift cards to complete the purchase and earn Bitcoin. Earners fulfilling orders work with users to coordinate the perfect deal and delivery time, saving shoppers money and allowing those with excess gift cards to convert them into more useful cryptocurrency.
CoinTracker lets users connect all of their crypto exchanges, wallets and DeFi platforms to automatically and continuously sync token balances and transactions, allowing complete control over a portfolio and delivering guidance on tax responsibilities. The dashboard can connect over 300 wallets and exchanges, and with support for more than 2500 cryptocurrencies, CoinTracker has proven value for those investing in the crypto market.
Kraken has a cryptocurrency exchange that both amateurs and experts in trading alike can utilize comfortably. The service offers rigorous security standards and low fees, along with maximum liquidity, margin trading, futures trading, access to real-time prices, numerous ways to fund an account and 24/7 support. These services eliminate many of the obstacles that stop people from entering the crypto market.
One of the leading venture capital firms working in the crypto industry, Blockchain Capital features 80-plus blockchain-focused companies in its portfolio and over $300 million in assets under management. The firm leverages experience across the financial sector and an ability to recognize when to utilize blockchain technology to its advantage, backing the companies it sees as able to make a transformational change in the marketplace.
CoinList helps launch blue-chip crypto projects like Solana and Filecoin. The company offers an investment platform that lets various projects list their assets and find millions of potential investors. Additionally, CoinList has an accelerator program and funding to kickstart sustainable businesses in the Web3 industry.
Wyre provides blockchain developers with tools that help them create wallets, exchanges, marketplaces, protocols and more. Wyre can additionally streamline the verification process for users looking to begin trading cryptocurrency and fund their wallets. The company’s solutions include powerful APIs, tools for onboarding users directly from their bank accounts and regulatory compliance offerings, leading to powerful FX and Crypto markets built via Wyre.
Chia Net is guiding the cryptocurrency revolution into a sustainable and environmentally friendly future. The company practices “farming” blocks rather than mining. The practice utilizes available space on hard disk drives around the world as opposed to using computing power as a resource. Chia Net’s decentralized network analyzes hashes across hard drives to find and award a newly farmed hash to a matched user, leading to far less energy consumption on a global scale.
Cash App is a sprawling fintech app launched in 2013 that grew into a hassle-free peer-to-peer payment platform. Since its launch, the app has added new features like credit card and savings account options, and in 2018, it introduced an investing platform. Through Cash App’s investing capabilities, app users can buy Bitcoin through various means, including purchase round-ups and automated contributions.
Filecoin operates by providing miners with free and open source nodes, commoditizing hard drive space and storage capabilities. Miners earn Filecoin for fulfilling storage requests and hosting files on the global Filecoin network. Users will be able to exchange Filecoin for Bitcoin, Etherium, USD and additional currencies.
Bitrefill makes it easier than ever to use Bitcoin to purchase gift cards and refills on phone services, online subscriptions and other services. Users can also use Bitrefill to set up and refill Lightning channels to simplify the process of exchanging Bitcoin between users.
