GoCoin’s recent launch of payment processing facilities using Litecoin is an encouraging sign for both supporters and speculators looking for the cryptocurrency to take the next leap into the echelons of tangible value transfer.
DC Magnates reached out to Steve Beauregard, CEO and Founder of GoCoin to see what their future holds in store for other digital currencies. He confirmed GoCoin’s strategy focus on providing merchant solutions and as such, their team continually analyzes the market and will facilitate other digital currencies once they meet GoCoin’s criteria. Such criteria include adequate market liquidity and merchant demand for the cryptocurrency.
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One immediate impact of GoCoin’s payment services will be felt when they team up with entrepreneur and angel investor Brock Pierce to host a fundraiser in support of Oakland mayoral candidate Bryan Parker that will take place in Santa Monica next week. Tickets for the fundraiser as well as donations to Parker’s electoral race can be processed using bitcoins via GoCoin’s integrated solution.
A member of the the Executive Leadership Council of Oakland, Parker stated that “bitcoin is a tool we can use to dissolve inequality, be it social or economic, and facilitate change for whole communities. I see the role of technology as solving real world problems, like job creation, in lasting ways, such as providing merchants cost-effective gateways into e-commerce and online markets.” According to the event’s press release, the fundraiser will be both introducing Parker to LA and bitcoin community, as well as providing education about bitcoins as Brock Pierce will keynoting a talk titled “Insight into Bitcoin.”