[2014-07-30] ZipZap Raises $1.1 Million to Grow Global Bitcoin Payments Network

[ganabb]

http://www.coindesk.com/zipzap-1-1-million-expand-bitcoin-payments-network/

California-based global transaction network ZipZap has announced $1.1 million in new funding that will be used in part to fund the expansion of the company’s cash-to-bitcoin services and wire transfer bitcoin buying option to new global markets.

The seed funding round, closed in June, included Bitcoin Foundation board member Brock Pierce‘s AngelList syndicate. 500 Startups and Blumberg Capital also invested in the round.

[Swordsoffreedom]

Cash to Bitcoin and Bitcoin to cash it's nice to see some more seed funding into developing new industries in Bitcoin.

ZipZap users can currently buy bitcoin with cash in the US, the UK and Brazil, according to its official website. Wire transfer purchases are available in 75 countries.

One service at a time.

[bryant.coleman]

Already we have two major Bitcoin-based payment processors (Bitpay and Coinbase) and many minor ones. I don't think that the new processor will be able to compete with them. Sorry to say this, but they are late.

[regedit]

http://www.coindesk.com/zipzap-1-1-million-expand-bitcoin-payments-network/

California-based global transaction network ZipZap has announced $1.1 million in new funding that will be used in part to fund the expansion of the company’s cash-to-bitcoin services and wire transfer bitcoin buying option to new global markets.

The seed funding round, closed in June, included Bitcoin Foundation board member Brock Pierce‘s AngelList syndicate. 500 Startups and Blumberg Capital also invested in the round.

I hear upto 10 good news about Bitcoins everyday

[Whitehouse]

Already we have two major Bitcoin-based payment processors (Bitpay and Coinbase) and many minor ones. I don't think that the new processor will be able to compete with them. Sorry to say this, but they are late.

I agree. It's a good idea, but I can't see many people going to buy or sell their coins this way, but maybe I'm wrong. The one good thing about zip zap is the sheer number of locations but I still think you have to use an exchange with the  service as well so you can just cut out the middleman of zip zap any way.

[LiteCoinGuy]

http://www.coindesk.com/zipzap-1-1-million-expand-bitcoin-payments-network/

California-based global transaction network ZipZap has announced $1.1 million in new funding that will be used in part to fund the expansion of the company’s cash-to-bitcoin services and wire transfer bitcoin buying option to new global markets.

The seed funding round, closed in June, included Bitcoin Foundation board member Brock Pierce‘s AngelList syndicate. 500 Startups and Blumberg Capital also invested in the round.

I hear upto 10 good news about Bitcoins everyday

thats normal  ...but prepare for bad news too.