Looks like they are creating a new form of exchange, by selling the bitcoins they receive to anybody, in stead of just on a traditional exchange. Something in between an exchange and localbitcoins. Interesting, and bullish!
Topic: Bitcoin payment platform BitPay is financing about 30million dollars (Read 1083 times)
May 12, 2014, 02:29:55 AM
BitPay is financing about 30million dollars .The leaders are Index Ventures，Richard Branson and Yahoo! ,while Li jia cheng has invested it privately .
BitPay provides payment technology support and purchasing service for bitcoin investors .It accepts bitcoin and transfers real money to payees accounts .So clients get accustomed to it for they can get money as before .While the difference is that if you are an investors in China ,BitPay will decrease the trading cost when you accept the money remittance from Africa .
BitPay said it has managed 100 million dollars deal on December last year .Though Mt.Gox went bankruptcy before ,someone still want to change MIT into the first place supporting bitcoin on the global .Meanwhile , Marc Andreessen is planning to invest several hundred million dollars to bitcoin .Huobi.com also will finish its A round financing and enter to the foreign market within this year .
Remaks: Due to language difference, sometimes people out of China can’t know what happened in China quickly. so we are here to make effort to change little, we will translate 3-4 bitcoin news in China to English everyday to help people out of China know what happened and what people thinks about bitcoin in China, If somewhere translate not that good, pls PM us so that we can correct it.
Source http://tech.163.com/14/0509/09/9RPTL74P00094ODU.html
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