VC Funding Boosts Global Growth For Berlin-Based Bitcoin Startup – Forbes
13, 2014 /PRNewswire/ — GBI (Gold Bullion International), an electronic platform for the purchase, sale and storage of precious metals, is pleased to announce that New York Private Bank & Trust (NYPB&T) has made an investment in the company. The NYPB&T investment will enable GBI to continue its growth including the build-out of its cutting-edge, Internet-based software offerings for use by sovereign mints, wealth managers, investment firms, high net worth investors, as well as for digital currencies. New York Private Bank & Trust is the parent company of Emigrant Bank, HPM Partners and three Internet-based banks, and offers private banking services through its NYPB&T division. NYPB&T and its affiliate companies will join the GBI platform in order to offer its wealth management and banking clients access to physical precious metals through GBI’s platform. “The GBI family is excited by its partnership with NYPB&T,” said Steven Feldman, GBI’s co-founder and CEO.
BitPay Staffs Up In San Francisco With Visa, PayPal Alums
BitPays pitch to merchants is therefore simple: Use BitPay for free, accept bitcoin-based sales that might expand your total transaction volume, and even if they dont, you might save a few points on the sales that shifted from traditional currencies to bitcoin, as the bitcoin transactions were free. Apart from the implosion of Mt.Gox, 2014 has been a slow period for bitcoin.The price of bitcoin, which is correlated to public interest in the stuff , has been somewhat flat. According to BitPay CEO Tony Gallippi , that stability is actually seen as a plus by merchants though most merchants clear their bitcoin from sales directly into their currency of choice. That bitcoin is no longer gyrating like an inebriated yo-yo makes it seem like more stable stuff to invest time into supporting. BitPay is taking ashovel, not gold-panning approach, to deriving revenue from the bitcoin economy.
The retired orthopedic surgeon from Middletown, Conn., and his wife saw much of their investments vanish in the early 2000s tech bust, and then again during the 2007 housing market crash and ensuing recession. Dr. Kalayjian isn’t easily spooked, though. He pulled out of the market during the last downturn fortuitously just before it plunged 500 points in one day but was only on the sidelines for a few months. Then, with gentle encouragement from his financial adviser, he tiptoed back in when the market was near the bottom.
Why Bitcoin’s Growth Should Explode – Yahoo Finance
This could be compared to email versus standard mail. Bitcoin is the same idea — send money as fast, cheap and easily as sending an email. To realize that vision, two things need to happen: infrastructure needs to be built and a critical mass of people need to have bitcoin. Related Link: Signs A Bitcoin Tidal Wave Is Forming To Disrupt Business The Coming Explosion Bitcoin is very easy for companies to integrate.
Wall Street: Whose bull market is it?
Bitbonds lending model is not unique BTCJam and BitLendingClub are also in the bitcoin loans space but the competition is not huge, and Bitbond already operates in a global marketplace. Since its launch in July 2013 it has facilitated almost two hundred loans and has users in over a hundred countries. Small business owners seeking finance are rigorously assessed by Bitbond for their credit worthiness, and once approved, are eligible to list on the site and apply for either short or long-term loans from individual lenders. By using cryptocurrency bitcoin, Bitbond users dont need a bank account to make transactions. Albrecht, who has a background in economics and previously worked at Deutsche Bank Deutsche Bank , said: Our main target borrowers are small businesses that have been operating for two or three years, or maybe longer and cannot get finance from a bank, possibly because they simply dont have access to a bank account, or they are a type of business that the banks typically do not lend to. It may take some time for bitcoin to be adopted by the mainstream small business world, but the interest being shown in promising bitcoin start-ups by the investment community is encouraging.
Jamess Feelings 