Bitcoin Merchant Processor Raises Seed Capital
A group of angel investors including SecondMarket founder Barry Silbert has invested $510,000 in BitPay, a firm that processes payments for merchants in the digital currency Bitcoin.
Chris Cumming
2013-01-07
http://www.americanbanker.com/issues/178_5/bitcoin-merchant-processor-raises-seed-capital-1055661-1.htmlBitPay says it plans to use the new capital to move its headquarters to Atlanta from Orlando and to hire up to five new employees.
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BitPay's seed-capital investors also include Shakil Khan, who helped launch the tech startup Spotify. Roger Ver, who has backed several Bitcoin startups, made his investment in BitPay entirely in bitcoins, the firm says.
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