The company is working on its Spring Protocol and creating new fraud protection products for the auto financing sector and one of its backers is confident that it can make a difference. Spring Labs co-founder and CEO Adam Jiwan asserts, “We’re pleased to announce our Series A with strong participation from existing and new strategic investors, enabling us to accelerate the development of new products as well as the Spring Protocol itself.
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Additionally, we’re excited to expand our relationship with GM Financial, which has demonstrated its commitment to innovation and collaboration over the past year, playing an active role in the evaluation of products and use cases on the Spring Protocol.” BSV is the only public blockchain that maintains the original vision for Bitcoin and will massively scale to become the world’s new money and enterprise blockchain.