Taxpayers funding a Bitcoin startup!

The Herald reports:

Auckland-based cryptocurrency startup Vimba says it has landed a $315,000 grant from Crown agency Callaghan Innovation.

“This is a truly significant investment from Callaghan Innovation and a real show of faith in the future of this very exciting asset class,” Vimba CEO Sam Blackmore says.

Vimba’s platform lets its customers save and trade bitcoins.

Good God. Why not just burn some hundred dollar notes.