[2014-05-13] Bitpay Raises $30 Million in Series A Funding Round

[Ripdon007]

https://coinreport.net/bitpay-series-a-funding-round-30-million-raised/

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[tianrui81317]

Hope bitpay walk further, along with bitcoin.

[bryant.coleman]

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.

[Kluge]

What is BitPay buying to incur such massive capital costs?

[freedomno1]

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.

[hilariousandco]

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.

[uhoh]

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.

[bryant.coleman]

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.