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News of the Competition (05/14/2014)
  • NEW YORK (5/14/14)--An investor group that includes Virgin Group Chairman Richard Branson and Yahoo co-founder Jerry Yang put $30 million of Series A funding into BitPay, a bitcoin-payments processor, as part of a $160 million venture-capital investment. Some of BitPay's merchant-account customers include WordPress and Branson's own Virgin Galatic (Forbes May 13). "Banking as we know it is in the midst of enormous change and innovation," Branson said (Business Insider May 13). "We have jumped in by investing in alternative payment models and also by accepting bitcoin for tickets on Virgin Galactic, the world's first commercial spaceline. BitPay has proven itself to process bitcoin safely and reliably, growing the market and increasing adoption, which continues to build trust, legitimacy and momentum in this exciting currency revolution" ...


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