Bitcoin

Payment Solutions Firm for Bitcoin Raises $500K Investment

The anonymous, semi-underground currency is growing

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Bitcoin, a heavily underground peer-to-peer payment solution, is starting to peek its head above ground. Today, a payment solutions company called BitPay has announced $510K in investment, led by Shakil Khan, Barry Silbert, Jimmy Furland and Roger Ver.

Put simply, BitPay feels like it is positioned to become the equivalent to PayPal for the virtual currency payment processor rival, Bitcoin.

I spoke with BitPay's co-founder and CEO, Anthony Gallippi, and he explained to my why Bitcoin has a huge opportunity to go more mainstream in 2013: "We definitely think it's the future. We wouldn't be spending our time if we didn't think that."