Rob Finch wants to make Pittsburgh a hub of cryptocurrency businesses. And he’s putting his company where his mouth is.
Finch, CEO of ICO Alert , announced Wednesday that his company was establishing its headquarters in Pittsburgh. The company leased space in Nova Place on the city’s North Shore.
“We see Pittsburgh as this gem on the East Coast that we want to make a hub of cryptocurrency,” Finch said.
ICO Alert has four employees and is looking to hire five or six more. Finch hopes by this time next year, the company will have 20 employees based in Pittsburgh.
Bitcoin and Ethereum are the most well-known types of cryptocurrencies, digital forms of money that exist outside the regular banking system. But companies can offer their own cryptocurrencies as a way to raise money. Those currencies increase or decrease in value depending on how successful the company is, and there are online exchanges where the currencies are bought and sold by investors.