$30 Billion Online Merchant Processor Digital River Adds Bitcoin Payments

$30 Billion Online Merchant Processor Digital River Adds Bitcoin Payments

Updated to include information on Digital River's bitcoin pricing policy. Commerce-as-a-service solutions provider Digital River - a company that processed more than $30bn in online transactions in 2013, has announced that it has added bitcoin as a payment option for its online merchants. The offering is now available to merchants using the Minnesota-based company's SWREG solution for small and mid-sized businesses. Notably, Digital River said it is seeking to allow customers to take advantage of the savings bitcoin can bring to international transactions, indicating it now sees bitcoin as....


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News Summary: June 15-21

Digital River is now accepting Bitcoin! Digital River is an e-commerce payment processor, but has previously been used for more conventional methods such as credit cards. Since its founding in 1994, Digital River has processed $30 billion dollars in transactions, making it one of the biggest payment processors. Due to this, I think it’s huge that it’s accepted Bitcoin. It allows people that have used Digital River for years to maybe start accepting Bitcoin, and creates competition amongst popular Bitcoin payment processors such as Bitpay and Coinbase.

Digital River Includes Bitcoin as Payment Option For Merchants

Internet commerce giant Digital River (NASDAQ: DRIV) announced today that merchants who are making use of their small to mid-sized e-commerce products and who sell online here in the United States can now also accept bitcoin payments alongside traditional means (such as credit cards, wire transfers, bank transfers, and other third-party wallet services). "Bitcoin continues to attract more mainstream attention," says Tom Peterson, executive vice president and general manager of commerce at the Minnesota-based company. "We're excited to be among the first pure play ecommerce providers to....

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$1 Billion in Bitcoin and Ether: One River Hedge Fund to Increase Holdings Fr...

Hedge fund management firm One River Asset Management has invested $600 million in bitcoin and ether with a plan to increase its holdings to $1 billion next year. The company has two cryptocurrency funds: the Bitcoin Fund and the Ethereum Fund. $1 Billion Investment in Bitcoin and Ether One River Asset Management has bought more than $600 million in bitcoin and ether, Bloomberg reported Wednesday. The company has two cryptocurrency funds: the Bitcoin Fund and the Ethereum Fund. Founded by CEO Eric Peters in 2013, One River oversees about $1.6 billion in total assets under management.....