ZipZap Raises $1.1 Million to Grow Global Bitcoin Payments Network

ZipZap first started out as a network for consumers to make payments with convenience. Now ZipZap has announced that they have raised a $1,000,000, with the main focus of strengthening their network for digital currencies. If you would like to know more about this, Marco did a quick write up of the topic, read it here. ZipZap was born from an idea to provide a cash payment option for consumers that wished to make internet purchases and did not have a bank relationship. This idea, in time, morphed into a global service and expanded to other forms of payment. ZipZap is a global payment....

Financial services company ZipZap has apparently raised $1.1 million worth of funding that will partially be used to grow the company's cash-to-bitcoin service into an even bigger product, CoinDesk reports. The funding was apparently closed back in June, with Brock Pierce; s AngelList syndicate and Blumberg Capital taking part in the investment round. Wells Fargo investment advisory representative Jim Griffin will be joining the company as the senior vice president of currency and foreign exchange. This investment brings the total amount of capital raised by the company to an impressive....

Global transaction network ZipZap is going big. The company, which allows customers to buy bitcoin through scores of retail locations in places like the United Kingdom, has announced a major expansion. The company said on Wednesday that their service is now available in a whopping 34 countries throughout Europe, allowing consumers to use their local fiat to purchase bitcoin and a slew of other digital currencies. As a step to getting here, ZipZap said they have formed strategic partnerships across the European Union, which will surely benefit enthusiasts of digital currency. "ZipZap has a....

Global cash transaction network ZipZap has formally reinstated its bitcoin buying service at more than 20,000 partner retail locations in the UK. The news follows an abrupt halt of the company's digital currency services this March, when its UK-based payment processor PayPoint said it would require more regulatory clarification regarding bitcoin to support the offering. This resumed service is the result of ZipZap's new partnership with payments acceptance network Payzone. The Ireland-headquartered company has thus far indicated it does not share PayPoint's reservations about the....

Some better news for residents in the United Kingdom who might be looking to buy bitcoin. ZipZap announced on Tuesday that they're bringing their global cash transaction network back to 20,000 retail locations in the UK. The announcement come following a news item at the end of March in which we learned that the company would be halting the processing of digital currency transactions. The halt directly related to ZipZap's payment processor, PayPoint, and its desire to put the processing on hold until the legalities surrounding there digital currency transactions became clearer. Now, ZipZap....