Bitpay Receives $510,000 From Investors

Bitpay Receives $510,000 From Investors

BitPay has announced that it has secured a funding round of $510,000 from outside investors. The investors include Barry Silbert, founder of SecondMarket, a trading platform used by institutional investors to exchange shares in companies that have not gone public. Jimmy Furland, also of SecondMarket. Shakil Khan, founder of the online music service Spotify; and the Bitcoin community's own Roger Ver, responsible for Memory Dealers and the Bitcoin Store, as well as others in the technology sector. BitPay is Bitcoin's leading payment processor, providing merchants with ready-made software....


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Quotes

The decision to bring virtual currency within the scope of our regulatory framework should be viewed by those who respect and obey the basic rule of law as a positive development for this sector. It recognizes the innovation virtual currencies provide, and the benefits they might offer society.

Jennifer Shasky Calvery, the director of the Treasury Department’s Financial Crimes Enforcement Ne