Bitcoin-Based Startup RSK Announces Acquisition Of Large Social Network Taringa

IOV Labs, the creator of the RSK Bitcoin Smart Contract platform and the RIF token, announced today the acquisition of Taringa, the top Spanish-speaking social network in the world with 30 million users and over 1,000 active online communities.

A Partnership Built To Test And Distribute Decentralized Infrastructure

Having access to Taringa’s user base will provide the company with invaluable information and data to test and distribute new decentralized infrastructure and apps powered by the RSK platform and the RIF token at a large scale. Jointly with Taringa’s leadership, the company plans to create innovative consumer products and services for its communities, using RSK’s decentralized infrastructure.

Diego Gutierrez Zaldivar, CEO of IOVLabs, commented:

“Blockchain is a powerful technology, but it needs mass adoption to create meaningful value. This acquisition puts us at the forefront of adoption in distributed ledger technologies. Having access to such a large community will also be invaluable for gathering quick feedback from users of all the RIF-powered tools and protocols we are launching in the near future. We see Taringa as the first step towards massive adoption of both RSK and RIF platforms, and a great step forward for our long term vision of empowering individuals through decentralization. We can’t wait to share more news about the first products very soon, as we continue building the Internet of Value”.

About IOV Labs

IOV Labs is a purpose-driven organization focused on developing the platforms needed for a new blockchain-based financial system that will enable worldwide financial inclusion and bridge the gap between these nascent technologies and mass adoption.

The organization currently develops the most popular implementations of the RSK Smart Contract Network and RIF OS platforms. RSK Network is the most secure Smart Contract platform in the world, as it relies on Bitcoin’s hash power. RIF OS protocols are a suite of open and decentralized infrastructure protocols that enable faster, easier and scalable development of distributed applications (dApps) within a unified environment to enable mass adoption of Bitcoin and RSK.

About Taringa

Taringa! is the most visited entertainment and knowledge site in Latin America and Spain with a broad range of content, where users share information, news, videos, and links. With more than 30 million registered members, and 1000 active communities and over 13 million active users monthly Taringa! generates more than 8 million shares daily, and is the largest social media network in Spanish speaking countries.

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