GoCoin Gets $1.5 Million in Series A Funding

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 payment processor GoCoin has gotten a $1.5 million injection of Series A funding led by Bitcoin Shop among other angel investors including Owen Van Natta and Crypto Currency Partners.

The funding is to be used for additional engineering resources and to help grow GoCoin's sales force in face of fierce competition from other players like Coinbase and BitPay.

Said Charles Allen, CEO of Bitcoin Shop:

"Our investment in GoCoin reflects our confidence in their product and their team. Not only does it complement our business model, but we felt it was a great opportunity to align with a partner whose business is designed to adapt to rapidly evolving trends in the digital currency marketplace."

GoCoin is one of the rare payment processors that support multiple digital currencies, including Litecoin and Dogecoin. Altcoins have been added this year as part of making the most of GoCoin's "currency-agnostic" system and help merchants increase sales through accepting more coins.

Steve Beauregard, founder and CEO of GoCoin:

"We've had an international multi-currency focus since day one, and this round will help extend our global footprint and take our services to the next level."

Owen Van Natta, angel investor and former VP at Zynga, said, "User demand continues to grow for alternative 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. I'm excited to deepen my involvement with GoCoin and their best-in-class payments solution for merchants and game publishers."

The partnership will enable Bitcoin Shop to exclusively use GoCoin for payment processing of shoppers opting to pay with digital currency.

The fundraising is part of a noticeable ramp-up in Bitcoin-related business investment over recent weeks, which recently includes multi-million dollar investments in Bitstamp, Circle Internet Financial and Kraken, as well as multiple Bitcoin-related funds.