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 investment, BitFury aims to have the company's vendors accept Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term- 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.

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.