Bitcoin Shop announces strategic investment in GoCoin

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Bitcoin Shop has announced a strategic investment in the digital currency payment platform, GoCoin.

The USD1.5m Series A financing was led by the Company, Chief Executive Officer Charles Allen, the Company’s Chief Operating Officer and Chairman Michal Handerhan, former Facebook COO, Owen Van Natta, and Crypto Currency Partners amongst others.

Charles Allen, CEO of Bitcoin Shop, commented, “Bitcoin Shop is an ecommerce platform that delivers a seamless digital currency shopping experience for its customers. Our investment in GoCoin’s leading international payment processing platform is complementary to our business model. The partnership diversifies our risk profile through access to a greater number of retailers who accept digital currencies with GoCoin. Together, we are enabling customers the ability to use the growing number of virtual currencies when shopping on our site by leveraging GoCoin’s enhanced payment platform. Once fully integrated, we will offer a best of breed, one-stop-shop user experience. We are excited to be leading this round of investment in GoCoin and their team.”

“We’ve had an international multi-currency focus since day one, and this investment will help extend our global footprint and take our services to the next level.” said Steve Beauregard, founder and CEO of GoCoin.

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