BitFury’s venture fund makes strategic investment into top digital payment platform to support the adoption of cryptocurrencies
SAN FRANCISCO & AMSTERDAM –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.”
About BitFury Group:
BitFury Group is the leading Bitcoin infrastructure provider and Bitcoin transaction processing company. Founded in 2011, BitFury currently has more than 60 team members globally at management offices in San Francisco, Amsterdam and Riga, as well as data-centers in Finland, Iceland and the Republic of Georgia. BitFury derives sustainable advantage through its custom-made application-specific integrated circuits (ASICs) optimized to achieve the lowest power consumption coupled with the highest processing metrics – the parameters that drive mining margins. BitFury has an impressive track record, having successfully delivered three prior generations of silicon and has a roadmap to at least double performance-per-watt every 6-12 months. BitFury’s management team and board include seasoned industry veterans with a history of execution in silicon engineering, operational build-up and capitalizing businesses.
For more information on BitFury Group, please visit: http://www.bitfury.org/
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About GoCoin:
GoCoin is the first international payment platform for Bitcoin and emerging digital currencies, making it easier than ever for online and retail merchants to accept Bitcoin, Litecoin, and Dogecoin at checkout. GoCoin insulates merchant operators from the complexities and volatility of alt-currencies by settling transactions in the currency of their choice. Founded in July 2013, GoCoin is an international group of companies with offices in Singapore, London, Douglas, Boston and Santa Monica. For more information, please visit http://www.gocoin.com.
Media contacts:
BitFury:
Janna McManus
1-650-400-7256
GoCoin:
Amanda Coolong
1-310-400-0365