CoinDesk reports that GoCoin has received a strategic investment from GAW Miners, which will go towards further development of its platform.
GoCoin did not disclose the amount, saying only that the investment was “meaningful”.
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As part of the deal, GoCoin will add GAW’s recently launched Paycoin to its list of supported cryptocurrencies, which already include Litecoin and Dogecoin.
GAW CEO, Josh Garza, said he “really believes” in the GoCoin team. GoCoin CEO, Steve Beauregard, commented that its new partnerships will help position the company for further growth in 2015. He also mentioned GoCoin’s engagement with regulators, which will pay off digital currency and the company in the long run:
“The progress we have made educating regulators and banks will pave the way for generations of low cost cryptocurrency payments and protection of consumer privacy in commercial transactions.”
For a detailed list of recent investment and M&A activity in the crypto industry, please visit the DC Magnates Crypto Deal Table.