Bitcoin Vouchers Company Garners $6 Million Backing from Jack Dorsey
Jack Dorsey, the co-founder of Twitter and CEO of Block, has led a funding round of $6 million for Azteco, a company that provides Bitcoin vouchers.
This investment showcases Dorsey’s ongoing dedication to driving progress in the world of cryptocurrencies.
Established in 2014, Azteco identified a significant gap in global banking access, with over 2 billion smartphone users lacking regular financial services. To address this issue, Azteco developed a practical solution by utilizing Bitcoin as a secure and cost-effective alternative.
Through their technology, Azteco enables the unbanked population to store value, engage in transactions, and access credit without needing a traditional bank account.
Azteco refers to its vendor sites as “ATM-less ATMs.” The company claims to make purchasing Bitcoin as simple as buying mobile phone credits. Here’s how it works: You can visit an Azteco outlet and purchase an Azteco voucher using cash or a credit card. Then, you can redeem the voucher on their website by providing your Bitcoin address. Azteco takes care of the rest, ensuring the Bitcoin is delivered to the specified address.
Initially launched as a test site in Shoreditch, East London, Azteco quickly expanded its reach. Currently, Azteco vouchers are available at retail locations in 195 countries worldwide.
In 2019, Azteco stated that it did not require KYC verification checks, simplifying the process for users interested in entering the world of digital currencies.
Dorsey expressed his profound admiration for Azteco’s mission as the driving force behind his investment. He emphasized the immense size of the unbanked population and the potential to bridge the gap using available technology and resources.
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According to Azteco’s co-founder Paul Ferguson, the funding received will catalyze the company’s market activation and product refinement efforts. This boost will enable Azteco to effectively engage with consumers, focusing on Latin America and Europe, thus amplifying its impact in the industry.
The funding round also included investments from Lightning Ventures, Hivemind Ventures, Ride Wave Ventures, ALeka Capital, and Visary Capital.
Dorsey’s involvement in the cryptocurrency space continues to make headlines. The company aims to disrupt the current status quo and introduce innovative advancements to cryptocurrency mining. Block’s payments firm recently announced plans to revolutionize Bitcoin mining by developing specialized silicon for mining hardware.
Alexander Stefanov
Reporter at CoinsPress
Alex is Editor-in-Chief of Coinspress and co-founder of Millennial Media Group, with nearly a decade of experience covering financial markets - crypto first, then everything else. It started in 2016 with Bitcoin. Like most people at the time, he didn't fully understand it - so he kept digging. Blockchain, tokenomics, the projects, the cycles. That curiosity never stopped, and eventually pulled him into traditional markets too: equities, commodities, macro. Not because he left crypto behind, but because you can't properly understand one without the other. What drives him is straightforward: he wants to know why something is happening, not just that it's happening. Most market coverage stops at the headline - price up, price down, here's a chart. Alex finds that kind of reporting actively unhelpful. If you walk away from an article without understanding the mechanism behind the move, what did you actually learn? He holds a degree in Tourism from New Bulgarian University - not the most obvious path into financial markets, but markets have a way of pulling in people who are simply too curious to stay out. He has authored over 200 in-depth analyses and more than 10,000 articles across crypto and traditional finance. He still thinks every day in markets teaches him something new. That's probably why he hasn't stopped.
