Bitcoin Processor GoCoin Adds Fiat Payout Options
GoCoin has added three new fiat currencies as payout options for merchants – euros, pounds sterling and Singapore dollars.
Jan 29, 2015 at 8:22 p.m. UTC:format(webp)/downloads.coindesk.com/arc/failsafe/placeholders/16x9.png)
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.
, 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.
DISCLOSURE
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.
:format(webp)/downloads.coindesk.com/arc/failsafe/user/1x1.png)
Learn more about Consensus 2024, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.