BitFury invests in GoCoin

Source: BitFury Capital

BitFury Capital, the investment arm of leading Bitcoin infrastructure provider and Bitcoin transaction processing company BitFury Group, today announced a strategic investment into GoCoin.

As the first e-commerce payment solution designed to support bitcoin and emerging altcoins like Litecoin and Dogecoin, GoCoin holds a unique position in the market and the deal will support the processing of all digital currency payments.

This is the third investment for BitFury Capital, which was founded in July 2014 to drive the growth of the Bitcoin ecosystem. Through strategic partnerships and investments, BitFury Capital will support multiple players in the fast growing cryptocurrency industry, on a non-exclusive basis. As the leader of the Bitcoin industry, BitFury Group is committed to strengthening the global digital currency economy, including all areas of the Bitcoin ecosystem.

"Payment processing is a critical element in stimulating the Bitcoin economy," said Marat Kichikov, managing partner of BitFury Capital. "We are committed to supporting further acceptance and to enabling further adoption of cryptocurrencies. The partnership with GoCoin will allow processing payments in digital currency with our vendors and clients all over the world."

GoCoin has been gaining significant momentum in the alternative payments space, announcing major partnerships with Apriva and, more recently, PayPal for processing digital currencies.

"BitFury is one of the most successful companies in the Bitcoin space," said Steve Beauregard, co-founder and CEO of GoCoin. "We're honored to add BitFury to our growing list of strategic partners and continue to strengthen digital e-commerce." 

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