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BitFury Invests In GoCoin

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BitFury Capital, the investment arm of Bitcoin infrastructure provider and Bitcoin transaction processing company BitFury Group, today announced a strategic investment into GoCoin.

This is the third investment for BitFury Capital, which was founded in July 2014 to drive the growth of the Bitcoin ecosystem. Through strategic partnerships and investments, BitFury Capital will support multiple players in the fast growing cryptocurrency industry, on a non-exclusive basis.

“Payment processing is a critical element in stimulating the Bitcoin economy,” said Marat Kichikov, managing partner of BitFury Capital. “We are committed to supporting further acceptance and to enabling further adoption of cryptocurrencies. The partnership with GoCoin will allow processing payments in digital currency with our vendors and clients all over the world.”

GoCoin has been gaining significant momentum in the alternative payments space, announcing major partnerships with Apriva and, more recently, PayPal for processing digital currencies.

“BitFury is one of the most successful companies in the Bitcoin space,” said Steve Beauregard, co-founder and CEO of GoCoin. “We’re honored to add BitFury to our growing list of strategic partners and continue to strengthen digital e-commerce.”

GoCoin is an international payment platform for Bitcoin and emerging digital currencies. GoCoin makes it possible for online and retail merchants to accept Bitcoin, Litecoin, and Dogecoin at checkout.

Coin Fire is a cryptocurrency news site started on June 6th of 2014. The site focused on hard-hitting investigative stories. Coin Fire was acquired by 99Bitcoins on October 2015.

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