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March 2021 Boom Supersonic recently received a strategic investment from American Express Ventures that the company says will help support the continued development of its Overture supersonic airliner. The investment comes as Boom has outlined a roadmap to build and roll out the aircraft around 2025, with passenger flights commencing in 2029. As a precursor, Boom in October introduced its XB-1 Supersonic demonstrator, which will fly this year to test concepts for the final Overture design. Blake Scholl, Boom founder and CEO, called 2021 a pivotal year for the Denver-based company. “As we prepare to fly our supersonic demonstrator, XB-1, we are also accelerating [development of] Overture.” ....
By Jon Hemmerdinger2021-03-04T23:50:00+00:00 The innovation-finance arm of American Express is the latest company to invest in Denver-based supersonic aircraft maker Boom Supersonic. Boom says it received an investment of undisclosed sum from American Express Ventures, which has helped fund dozens of start ups in several industries. Source: Boom Supersonic A digital rendering of Boom Supersonic’s in-development airliner Overture American Express Ventures joins several firms that have helped fund Boom’s plan to develop Overture, a supersonic airliner that it hopes will enter passenger service by 2029. Harshul Sanghi, the head of American Express Ventures, describes Boom’s ambitions as a nice fit for American Express, which has long aligned itself with the travel industry. ....
FalconX Welcomes American Express Ventures as Its New Investor coinspeaker.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from coinspeaker.com Daily Mail and Mail on Sunday newspapers.
Dec 17, 2020 12:52 GMTCrypto News More and more institutional investors are buying Bitcoin. Joint ventures between financial giants and cryptocurrency startups on vogue. Super-bullish BTC price forecasts from famed analysts are getting more frequent, rising targets. Bitcoin hit a new all-time high at $23,776 (on Coinbase) before retreating to $22,500. The pioneer digital currency gained over 16% on a day-to-day basis, while its market share surpassed 65%. Bitcoin’s market value at $42 billion now exceeds the capitalization of JP Morgan, one of the four largest financial institutions in the US. In comparison, a capitalization of all digital coins in circulation came close to $650 billion. What are the catalysts behind BTC growth ....
American Express dives deeper into crypto with trading platform investment Olga Kharif, Bloomberg News VIDEO SIGN OUT American Express Co.âs venture arm has invested in the FalconX cryptocurrency trading platform, another sign that large financial services providers are tiptoeing into the digital-asset sphere. The credit-card provider didnât disclose the amount invested in the San Mateo, California-based startup, which raised US$17 million in May from the likes of Accel, Coinbase Ventures and a fund affiliated with Fidelity Investmentsâ parent company. AmEx has been investigating cryptocurrencies for years. In 2019, the company rolled out an app that uses blockchain the digital ledger behind many cryptocurrencies to let contractors and vendors reconcile invoices and time sheets. Amex Ventures remains an investor in Abra, which allows for trading of cryptocurrencies. AmEx has also tested using blockchain to let merchants create tailore ....