Bitcoin Shop Announces Purchase of Three Virtual Currency Domain Names
Bitcoin Shop, Inc. (OTCQB: BTCS) (the "Company"), the virtual currency ecommerce marketplace www.bitcoinshop.us, today announced that it has purchased litecoinshop.us, dogecoinshop.us and peercoinshop.us.
The new domain names will complement Bitcoin Shop's virtual currency ecommerce platform. With these properties now pointed to the Company's domain, www.bitcoinshop.us, dedicated users will be having access to over 140,000 items for purchase with bitcoin, dogecoin and litecoin.
Charlie Kiser, Chief Marketing Officer of Bitcoin Shop, commented,
"We are very pleased to incorporate these domains into our platform. It has always been our strategic plan to not only facilitate ecommerce transactions for bitcoin, but for many cryptocurrencies. After successfully beginning to accept dogecoin and litecoin, we began to evaluate the purchases of highly trafficked domains with dedicated userbases in an effort to enhance our existing domain assets."
About Bitcoin Shop, Inc.
Bitcoin Shop, Inc. operates an ecommerce website (www.bitcoinshop.us) where consumers can purchase products using virtual currency such as bitcoin, litecoin and dogecoin, by searching through selection of over 400 categories and over 140,000 items. Bitcoin, litecoin and dogecoin are virtual currencies that use peer-to-peer networks to facilitate instant payments. They are all categorized as cryptocurrencies, as they use cryptography as a security measure. Bitcoin, litecoin and dogecoin issuances and transactions are carried out collectively by the network, with no central authority, and allow users to make verified transfers.
Forward Looking Statements
Certain statements in this press release constitute "forward-looking statements" within the meaning of the federal securities laws. Words such as "may," "might," "will," "should," "believe," "expect," "anticipate," "estimate," "continue," "predict," "forecast," "project," "plan," "intend" or similar expressions, or statements regarding intent, belief, or current expectations, are forward-looking statements. While the Company believes these forward-looking statements are reasonable, undue reliance should not be placed on any such forward-looking statements, which are based on information available to us on the date of this release. These forward looking statements are based upon current estimates and assumptions and are subject to various risks and uncertainties, including without limitation those set forth in the Company's filings with the Securities and Exchange Commission, not limited to Risk Factors relating to its virtual currency business contained therein. Thus, actual results could be materially different. The Company expressly disclaims any obligation to update or alter statements whether as a result of new information, future events or otherwise, except as required by law.