BitPagos Bitcoin processor raises USD 600K from funding round

Wednesday 18 June 2014 13:58 CET | News

Argentina and US-based Bitcoin merchant processing service BitPagos has announced its first seed funding round, raising USD 600,000 from a list of investors that includes Pantera Capital, venture capitalist Tim Draper, SecondMarket CEO Barry Silbert and the Boost Bitcoin Fund, among others.

BitPagos allows users to sell bolivars or pesos for Bitcoin, as opposed to converting their Bitcoin earnings into fiat currency.

BitPagos is a payment gateway focused on Latin America which accepts credit card payments and pays out to merchants in Bitcoin.

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Keywords: BitPagos, Bitcoin, USD 600K, funding round, online payments
Categories: Payments & Commerce
Countries: World
This article is part of category

Payments & Commerce