BitPay Receives $510,000 in Funding Round to Advance Bitcoin Processing | SiliconANGLE

BitPay Receives $510,000 in Funding Round to Advance Bitcoin Processing #gAtO ✅ #infosec #tor #security #cyberwar #btc

It’s past the end of 2012 and it’s time to look at where Bitcoin is going and the increase in services that provide processing means that there’s a bigger space for people who want to trade BTC to move into. BitPay is an electronic processing service that enables merchants to take Bitcoins and turn them into currency—an important and necessary element of any economy. In a recent funding round BitPay has taken $510,000 of outside investment to expand their services, which ware already quite expansive. Investors include Shakil Khan, Barry Silbert, Jimmy Furland, Roger Ver, and other angel investors—and staying in tune with culture, Roger Ver paid his contribution in Bitcoins. As a processing service, BitPay made news in November when WordPress took them on to provide the ability to take Bitcoins for blogging. No doubt this has fueled the growth of BitPay’s transaction volume...

Full article: http://siliconangle.com/blog/2013/01/09/bitpay-receives-5...