BitFury’s next stop- GoCoin: Mining giant to use processor for global payments

BitFury has announced that it is investing an undisclosed amount in GoCoin, via its investment arm BitFury Capital. Through the

BitFury has announced that it is investing an undisclosed amount in GoCoin, via its investment arm BitFury Capital. Through the investment, BitFury aims to have the company’s vendors accept bitcoin payments- a move which makes life easier for an enterprise whose revenues arrive as bitcoins.

GoCoin is BitFury’s next strategic investment of undisclosed value after investing in BitGo in September. From that deal, BitGo would provide treasury management through its advanced enterprise storage and security offering- a move which helps BitFury sleep better at night, knowing that its massive sums of minted coins are relatively secure.

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For GoCoin, the partnership is huge win in an industry dominated by the likes of Coinbase and BitPay. Thus far this year, GoCoin has received $1.5 million in Series A funding; secured $1 million in convertible note commitments on Crowdfunder; received investment from Bitcoin Shop; and was chosen by PayPal, together with BitPay and Coinbase, as a choice for processing specific bitcoin transactions.

For a detailed list of recent investment and M&A activity in the crypto industry, please visit the DC Magnates Crypto Deal Table.

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