Author

Topic: [2014-05-13] Bitpay Raises $30 Million in Series A Funding Round (Read 1033 times)

legendary
Activity: 3808
Merit: 1219
Huh 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.
hero member
Activity: 742
Merit: 500
Circle gets the Square
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.
global moderator
Activity: 4046
Merit: 2732
Join the world-leading crypto sportsbook NOW!
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.
legendary
Activity: 1834
Merit: 1094
Learning the troll avoidance button :)
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.
donator
Activity: 1218
Merit: 1015
Huh What is BitPay buying to incur such massive capital costs?
legendary
Activity: 3808
Merit: 1219
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.
member
Activity: 116
Merit: 10
Hope bitpay walk further, along with bitcoin.
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