GoCoin Reportedly Gets Investment from GAW, to Integrate Paycoin

CoinDesk reports that GoCoin has received a strategic investment from GAW Miners, which will go towards further development of its platform.

GoCoin did not disclose the amount, saying only that the investment was "meaningful".

Earlier this year, GoCoin also secured investments from BitFury, Bitcoin Shop and angel investors. It is also raising additional investment through Crowdfunder.

As part of the deal, GoCoin will add GAW's recently launched Paycoin to its list of supported Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term, which already include Litecoin and Dogecoin.

GAW CEO, Josh Garza, said he "really believes" in the GoCoin team. GoCoin CEO, Steve Beauregard, commented that its new partnerships will help position the company for further growth in 2015. He also mentioned GoCoin's engagement with regulators, which will pay off digital currency and the company in the long run:

"The progress we have made educating regulators and banks will pave the way for generations of low cost cryptocurrency Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term and protection of consumer privacy in commercial transactions."

For a detailed list of recent investment and M&A activity in the crypto industry, please visit the DC Magnates Crypto Deal Table.