30 Apr '15, 4am

"Goldman and IDG Put $50 Million to Work in a Bitcoin Company " by NATHANIEL POPPER via NYT

"Goldman and IDG Put $50 Million to Work in a Bitcoin Company " by NATHANIEL POPPER via NYT

Photo A Hong Kong shop advertises its acceptance of Bitcoin payment. Goldman has called the virtual currency a coming “megatrend.” Credit Philippe Lopez/Agence France-Presse — Getty Images Continue reading the main story Continue reading the main story Continue reading the main story Share This Page Continue reading the main story Continue reading the main story Goldman Sachs is becoming the first major bank to make a significant investment in a Bitcoin-focused company, giving a vote of confidence to the embattled virtual currency. The Wall Street bank announced late Wednesday that it had struck a partnership with a major Chinese investment firm, IDG Capital Partners, to lead a $50 million investment into Circle Internet Financial , a start-up that aims to use the technology underlying Bitcoin to improve consumer payments. Since first grabbing widespread attention in 2013,...

Full article: http://www.nytimes.com/2015/04/30/business/dealbook/goldm...

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