Bitcoin Forum

Bitcoin => Press => Topic started by: Ripdon007 on May 13, 2014, 02:21:30 PM



Title: [2014-05-13] Bitpay Raises $30 Million in Series A Funding Round
Post by: Ripdon007 on May 13, 2014, 02:21:30 PM
https://coinreport.net/bitpay-series-a-funding-round-30-million-raised/


Title: Re: [2014-05-13] Bitpay Raises $30 Million in Series A Funding Round
Post by: tianrui81317 on May 13, 2014, 11:41:12 PM
Hope bitpay walk further, along with bitcoin.


Title: Re: [2014-05-13] Bitpay Raises $30 Million in Series A Funding Round
Post by: bryant.coleman on May 14, 2014, 08:25:03 AM
Hope bitpay walk further, along with bitcoin.

Both are interdependent on each other. The popularity of Bitcoin is essential for the success of Bitpay. Similarly, Bitcoin needs modern and innovative ventures such as Bitpay, to remain in the competition.


Title: Re: [2014-05-13] Bitpay Raises $30 Million in Series A Funding Round
Post by: Kluge on May 14, 2014, 08:33:18 AM
??? What is BitPay buying to incur such massive capital costs?


Title: Re: [2014-05-13] Bitpay Raises $30 Million in Series A Funding Round
Post by: freedomno1 on May 14, 2014, 08:35:43 AM
Probably advertising and R@D although that is a good question
Who knows they may be one of the first traded stocks on Nasdaq for a Bitcoin based company a few years down the road.


Title: Re: [2014-05-13] Bitpay Raises $30 Million in Series A Funding Round
Post by: hilariousandco on May 14, 2014, 08:51:10 AM
Probably advertising and R@D although that is a good question
Who knows they may be one of the first traded stocks on Nasdaq for a Bitcoin based company a few years down the road.

Was gonna ask if they had any plans to offer shares. I'll definitely buy some as I was looking to invest in some Bitcoin companies and I think a company  like bitpay is only going to grow along with Bitcoin.


Title: Re: [2014-05-13] Bitpay Raises $30 Million in Series A Funding Round
Post by: uhoh on May 14, 2014, 09:28:12 AM
Great news for Bitpay.

So odd to read news stories like this. 2 years back the idea of Richard Branson commenting on his investment in Bitpay would just be dream-world. All this news recently kinda makes you feel like you've lost the plot. Remember when there was never any mention of Bitcoin in the media? It wasn't long ago!

Crazy.


Title: Re: [2014-05-13] Bitpay Raises $30 Million in Series A Funding Round
Post by: bryant.coleman on May 14, 2014, 10:35:46 AM
??? What is BitPay buying to incur such massive capital costs?

New servers, lobbyists, publicity campaign managers, staff expenses.... starting a new payment system is not very easy. It requires a lot of capital. Insurance alone will account for millions of USD.