With New VC Dollars, GoCoin Pledges B2B Payments Push

Shortly after BitFury Capital announced an undisclosed investment in digital currency merchant processor GoCoin, GoCoin CEO Steve Beauregard said that his Bitcoin operation will make B2B payments recruiting a top priority.

“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,” Beauregard said, according to a report in CoinDesk.

“The move marks BitFury Capital’s first investment in a payment processor since it began extending capital to the ecosystem this August. To date, BitFury Capital has invested in bitcoin enterprise security firm BitGo and an undisclosed wallet provider,” the story said. “Representatives from BitFury indicated at the time that both these initial investments were made in bitcoin. GoCoin’s key differentiator is that it allows its merchants to accept altcoins such as litecoin and dogecoin in addition to bitcoin. The option has so far appealed to major merchants such as BTC Trip, CheapAir and Hustler.”