Cryptocurrency Payment Processor GoCoin Gets $1.5 Million in Funding
GoCoin has announced it has raised $1.5m in funding in order to expand its operations as an international payments platform for cryptocurrencies. The round was led by the Bitcoin Shop, which is a publicly traded company on the over-the-counter market. "Our investment in GoCoin reflects our confidence in their product and their team," Charles Allen, CEO of Bitcoin Shop, said in a statement. Former Facebook COO Owen Van Natta and investment firm Crypto Currency Partners also participated in the round. "User demand continues to grow for alternative payments," said Van Natta, adding: "I'm....
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In addition to allowing merchants to accept bitcoin, digital payment processor GoCoin has announced that they have enabled litecoin payment processing - making them one of the first digital payment processor to do so. It's big news for the litecoin community, and GoCoin says that it solves the "Where can I spend my litecoins?" dilemma, much like in the early days of bitcoin. "GoCoin's platform was specifically designed from the beginning to easily accommodate emerging digital currencies, such as Litecoin, because we saw the massive potential of the digital currency market," said Steve....
Shopify merchants can now accept cryptocurrency payments from within the e-commerce platform. GoCoin has partnered with Shopify to enable the e-commerce service's 120,000 merchants to accept cryptocurrency payments. This announcement follows GoCoin's recent partnerships with other e-commerce services, including PayPal. Also Read: GoCoin Partnership Brings Bitcoin Payment Option to More than 1,000 Businesses. Shopify Partners with GoCoin to Bring Bitcoin Payment Option to 120,000 Merchants. On Wednesday, GoCoin announced a new partnership with online e-commerce platform Shopify. The....
Bitcoin payment processor GoCoin is now accepting litecoin. The firm, formed in July, expanded its portfolio to include the altcurrency this week. "Litecoin has reached the tipping point in our minds with sufficient liquidity to support merchant activities," said GoCoin CEO Steve Beauregard. "Like with our bitcoin interface, we are building in safeguards in the event the volatility becomes extreme in the wrong direction. GoCoin, which raised $550,000 in venture funding in November, has been testing litecoin services with early adopters since late last month. "We have not been focused on....
International Bitcoin and altcoin payment processing platform GoCoin has signed an agreement with Ziftr, an e-commerce solution provider, to continue under a united brand. The result, according to GoCoin's co-founder and CEO Steve Beauregard, checks with their aim of launching a "unified checkout system," one that he believes will give consumers the option of paying with digital currencies and traditional credit cards in a PCI-compliant environment. GoCoin Going Forward, as the "combined-company" is titled, will start by integrating Ziftr's prime services into the GoCoin's existing payment....