BitFury Invests in GoCoin for Payments Processing Push

BitFury Capital has announced an undisclosed strategic investment in digital currency merchant processor GoCoin.
The move marks the third investment for BitFury Capital, the venture capital arm of bitcoin mining hardware and services provider BitFury. As part of the deal, BitFury indicated that it will seek to use GoCoin as the default processor for its global vendors.
In an interview, GoCoin CEO Steve Beauregard framed the investment as one that would also add new business-to-business (B2B) clients to his company’s existing customer base.
Beauregard told CoinDesk:
“The goal is to bring all of [BitFury’s vendors] into the ecosystem and have them accepting payments in bitcoin via our platform. So, everything from the providers of electricity to rack space to hosting services, you name it.”

This post was published at Coin Desk on October 22, 2014.

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