We’re hearing that BitPay, a platform that processes payments in bitcoin for merchants, is raising the field’s biggest round yet. The company is raising $30 million on a roughly $160 million valuation in a round led by Index Ventures, with Richard Branson and Yahoo co-founder Jerry Yang participating. BitPay declined to comment.
With BitPay’s previous funding round, the company’s financing tops the combined $26 million that Boston-based rival Circle has raised from Accel Partners, or the $31 million that San Francisco-based Coinbase raised from Andreessen Horowitz and Union Square Ventures or the $20 million round that Benchmark led for Xapo.
It’s yet another sign that the bitcoin ecosystem is maturing with big chunks of funding coming from top-tier venture firms. While there have been high-profile collapses like Mt.Gox’s bankruptcy, it feels like every major fund wants at least one bet in the space in case bitcoin does live up to the hype.
that's huge. ebay NETS 20 million+ a day.
this company transacts more $USD than Amazon and Ebay combined every year
Do you really believe 1BTC will be worth a milli by 2017 ?
Do you really believe 1BTC will be worth a milli by 2017 ?
in 1900's no one could tell the dollar would be worthless in 2014.. and being the world currency...Do you really believe 1BTC will be worth a milli by 2017 ?
Although unlikely, it's in the realm of possibilities.
Bitcoin so far has followed a traditional S-Curve type technology evolution growth and if it continues to do so prices of 100,000$+ are likely to happen
you fukking up if you buying from this fund though for real
better go ahead and grab some actual coins that you'll own
You dont know any of the words your typing mean do you?
Pretty sure 98% of the people in here are going to short the shyt out of this fund which in turn will show "investors" that BTC is worthless thus moving the price point down to where it should be. Near 0.
alibaba is a legit $100-150 billion dollar company.
and I bytched about this in the bitcoin thread but I can finally short this shyt