29 Jun '17, 1pm

Pot-Friendly Bitcoin Payments Startup Raises $1.5 Million

POSaBIT, a Seattle-based digital currency payments startup with a focus on serving legal cannabis outlets, has raised $1.5m in funding. The round included participation from a number of Seattle-based angel investors, whose identities were not disclosed, as well as New York-based investment firm Digital Currency Group. The funding will go to advancing POSaBIT's business development efforts, according to a statement. The startup also provided some details on adoption of its payments platform and sales in Washington state, which legalized marijuana in 2012. "Already, over 25 stores in the state of Washington have used the POSaBIT platform to provide secure and efficient payment solutions to their customers, and those stores have already processed more than $2m in sales via digital currency," the firm said. In line with its mission, POSaBIT was among those to notably speak out...

Full article: http://www.coindesk.com/pot-friendly-bitcoin-payments-sta...

Tweets

New York Preschools Accept Bitcoin and Ether fo...

coindesk.com 28 Jun '17, 12pm

Two private preschools in New York City now accept bitcoin and two other cryptocurrencies for tuition payments, according ...

Bitcoin Is Not Legal So Let Us Tax Bitcoin: Col...

cointelegraph.com 03 Jul '17, 12pm

The Colombia Tax and Customs Office announce d that Bitcoin is taxable despite the government had already declared Bitcoin...

SEC Files Fraud Suit Against Bitcoin Startup Owner

coindesk.com 30 Jun '17, 10pm

The US Securities and Exchange Commission has filed fraud charges against a UK citizen accused of bilking the investors of...

Fidelity's Charity Arm Has Raised $9 Million in...

coindesk.com 29 Jun '17, 2pm

Fidelity Charitable, the donation arm of mutual fund giant Fidelity Investments, raised nearly $9m in bitcoin during the f...

Burger King Russia Franchise Plans to Accept Bitcoin Payments This Summer

Burger King Russia Franchise Plans to Accept Bi...

news.bitcoin.com 28 Jun '17, 5pm

According to the regional news outlet, Uznay Vse, a Russian Burger King located in Moscow has begun testing bitcoin paymen...

Bitpoint Adds Bitcoin and Ether Payments to Platform with Unionpay, Wechat Pay and Alipay

Bitpoint Adds Bitcoin and Ether Payments to Pla...

news.bitcoin.com 28 Jun '17, 11pm

The Tokyo-based Nippon Pay offers payment solutions for businesses with a focus on Chinese mobile payments. “In addition t...

#Singapore payments #startup #InstaRem raises $...

, a Singapore-headquartered cross-border payments company co-founded by Indian entrepreneur Prajit Nanu, has raised $13 mi...

Bitcoin Startup Blockchain Raises $40 Million S...

coindesk.com 22 Jun '17, 11am

Bitcoin wallet software provider Blockchain has raised $40m in Series B funding. Investors in the round included Digital C...