OKWave invests in Breadwallet and forms new strategic partnership

Japanese company OKWave announced today a new strategic partnership with San Francisco based Bitcoin wallet startup Breadwallet.

OKWave is a Japanese company the runs a question and answer site similar to Quora or Yahoo! Answers, which has over 45 million users. In October of 2015, OKWave announced that they would be adding bitcoin services to their platform to help boost bitcoin user adoption and user knowledge of the nascent technology.

According to today’s announcement, OKWave and Breadwallet have entered into a new agreement with the intent to strengthen bitcoin through OKWave for users to use the Breadwallet app to send and receive bitcoin with each other. In addition, OKWave has invested an undisclosed amount into Breadwallet. In the future the two companies will jointly promote bitcoin, as well as developing a native wallet feature on the OKWave platform.

Adam Traidman, Breadwallet President, said in regards to the partnership:

“We are very pleased to enter into a strategic partnership with OKWAVE to help enhance the use of Bitcoin on the OKWAVE.JP website. Leveraging Breadwallet’s ease of use and security, together we can help bring benefits to users of OKWAVE and Bitcoin within Japan and beyond.”

Mai Fujimoto (Miss Bitcoin Japan) said,

“[The] partnership with OKWave and Breadwallet is, we feel that it is an interesting project by taking advantage of micro-payment feature, which is a feature of Bitcoin.

OKWave plans to have users tip each other with bitcoin as a micro-payment to reward users for question and answers. The company will continue to provide a question and answer service that is based on helping each other all over the world, not only in Japan. In addition, OKWave intends to expand the partnership with other foreign companies also.