BitFury Capital, the investment arm of BitFury Group, announced today a strategic investment in digital currency payments processor GoCoin. GoCoin allows merchants to accept bitcoin and other digital currencies, and have that converted to local currency immediately.
And as one of the leaders in the crypto-processing realm, GoCoin seems like it’s a sure thing. As such, an investment here is no surprise.
This is the third investment for BitFury Capital. The seed fund was established earlier this year with the intent to “support multiple players” in the fast-growing cryptocurrency industry.
“Payment processing is a critical element in stimulating the Bitcoin economy,” said Marat Kichikov, who serves as managing partner at 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.”
As has been the case with previous investments, BitFury Capital has not disclosed the amount or terms of the investment.
“BitFury is one of the most successful companies in the Bitcoin space,” said GoCoin CEO and co-founder Steve Beauregard. “We’re honored to add BitFury to our growing list of strategic partners and continue to strengthen digital e-commerce.”
The two other investments BitFury Capital has made this year has been in a bitcoin wallet provider and in a company called BitGo.