Bitcoin Processor GoCoin Adds Fiat Payout Options

Pete Rizzo
Jan 29, 2015 at 20:22 UTC
Updated Jan 30, 2015 at 13:18 UTC
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GoCoin

GoCoin has added three new fiat currencies as payout options for merchants – euros, pounds sterling and Singapore dollars.

The announcements come amid a string of new details about the company’s business progress. Since raising $550,000 in November 2013, GoCoin has arguably become a big-three payment processor alongside BitPay and Coinbase due to its agnostic approach to digital currencies, accepting litecoin and dogecoin alongside bitcoin.

In statements, CEO Steve Beauregard asserted that the company has “greatly exceeded its growth projections in 2014”, and is well-positioned for success this year.

“We now have a clear vision of how to focus our efforts in order to drive payments innovation in the sectors that will benefit the most,” Beauregard.

The announcement was made during Beauregard’s keynote address at Inside Bitcoins Singapore, a two-day conference taking place 29th to 30th January at the Suntec Singapore Convention and Exhibition Centre.

GoCoin’s full payout terms and conditions can be found on its website.

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