GoCoin ready to take Bitcoin to South America and Asia

Recent record Bitcoin prices. The Chinese Bitcoin market exploding with record volume. News stories rampant. Massive amounts of Bitcoin press. Bitcoin ATMs going live.


    It looks like we can add another big PR story for Bitcoin. Gocoin is set to take on BitPay as the merchants processing service of choince. Currently in closed beta testing, GoCoin plans to go live later this month.
     GoCoin raised some $550,000 to kick off its endeavor. GoCoin initially plans to focus on Asia and South American markets, “where the challenges of accepting credit cards and purchasing goods and services online between even neighboring countries can be especially difficult.”
     GoCoin’s board chairman Brock Pierce points out: that as Bitcoin becomes more widely accepted, it will help to simplify cross-border commercial transactions. As shoppers become more global, varying exchange rates become a challenge to manage, and Bitcoin is an easy way to speak a common currency language. Whether or not the virtual currency can gain more traction than what it has now though — especially as its volatility is a cause for concern — is what GoCoin is betting on.


Pierce is confident though. “The future of currency is digital and the old payment systems used today were not designed for the Internet,” he says.