29 Jul '14, 9pm

ZipZap Raises $1.1 Million to Grow Global Bitcoin Payments Network

California-based global transaction network ZipZap has announced $1.1 million in new funding that will be used in part to fund the expansion of the company’s cash-to-bitcoin services and wire transfer bitcoin buying option to new global markets. The seed funding round, closed in June , included Bitcoin Foundation board member Brock Pierce ‘s AngelList syndicate . 500 Startups and Blumberg Capital also invested in the round. With the announcement , former Wells Fargo investment advisory representative Jim Griffin will join the company as its senior vice president of currency and foreign exchange. Griffin indicated that he believes that the funding is a validation of the company’s strong plan to become the primary payment network for digital currencies, stating: “With the current state of the financial market, digital currencies are increasing in popularity and adoption. Thi...

Full article: http://www.coindesk.com/zipzap-1-1-million-expand-bitcoin...

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