Largest Bitcoin Payment Processor Raises $510,000 Angel Round

themonetaryfuture.blogspot.co.uk 13 Jan '13, 10am

Largest Bitcoin Payment Processor Raises $510,000 Angel Round - interesting move in #bitcoin world

http://www.forbes.com/sites/jonmatonis/2013/01/07/largest-bitcoin-payment-processor-raises-510000-angel-round/ BitPay, Inc. announced today that they have completed a seed funding round of $510,000 from several angel investors demonstrating that bitcoin can attract the capital necessary to encroach upon legacy payment methods. Similar to merchant processors for credit and debit cards, BitPay is a Payment Service Provider (PSP) specializing in eCommerce, B2B, and enterprise solutions for virtual currencies. Investors participating in the seed round include SecondMarket founder Barry Silbert , Spotify investor Shakil Khan , Jimmy Furland, Roger Ver , and other Internet entrepreneurs. Specific terms of the deal were not disclosed but co-founders Anthony Gallippi and Stephen Pair will retain majority ownership. Investors Silbert and Ver also participated in the April 2012 fund...

Full article: http://themonetaryfuture.blogspot.co.uk/2013/01/largest-b...

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@Suitpossum » 14 Jan '13, 11am
Cryptocurrency capital: Largest #Bitcoin payment processor raises $510,000 angel round By @jonmatonis [link]
@candtalan » 13 Jan '13, 10pm
RT @glynmoody: Largest Bitcoin Payment Processor Raises $510,000 Angel Round - [link] interesting move in #bitcoin world
@ploum » 13 Jan '13, 10am
In june 2011, I described how bitcoin banking should work. It seems it is now coming: t [link]
@glynmoody » 13 Jan '13, 10am
Largest Bitcoin Payment Processor Raises $510,000 Angel Round - [link] interesting move in #bitcoin world
@AmbyR00 » 14 Jan '13, 8am
RT @glynmoody Largest Bitcoin Payment Processor Raises $510,000 Angel Round - [link] interesting move in #bitcoin world
@nerissimo » 13 Jan '13, 10pm
RT @glynmoody: Largest Bitcoin Payment Processor Raises $510,000 Angel Round - [link] interesting move in #bitcoin world