In its press release, Bitcoin Shop, Inc., the virtual currency ecommerce marketplace has announced that Chief Executive Officer, Charles Allen, has been appointed to the Advisory Board of GoCoin LLC, a digital currency payment platform. The move is being seen towards the right direction as these two persons played a vital role in financing of GoCoin LLC.
Earlier in March 2014, Charles Allen along with Bitcoin Shop’s Chief Operating Officer, Michal Handerhan helped GoCoin get $1.5 million in ‘Series A’ equity financing. The business acumen of Charles Allen has been appreciated by Steve Beauregard, Founder and CEO of GoCoin who says that he brings extensive business and financial leadership to the GoCoin Advisory Board.
Steve Beauregard believes that Allen’s guidance will help his company and he is looking forward to a long, successful working relationship together. Reciprocating the sentiments from Steve Beauregard Charles Allen said that he is thrilled to be joining their Advisory Board and he sees the appointment a natural next step in the progression of relationship.
Allen said that Steve and he, along with the rest of his team, share many of the same visions for the future of virtual currency. He strongly believes that there are synergies between Bitcoin Shop and GoCoin and collaborative opportunities they will take advantage of in the future. This is being seen a major development as the two best brains in Bitcoin is coming together.
Charles Allen Will Help Go Coin with His Experience
Bitcoin Shop which was formed this year itself can be a great challenge for online marketplaces like Amazon or eBay as it accepts the virtual currencies Bitcoin, Litecoin, and Dogecoin as payment for transactions. Customers can buy more than 140,000 items in 400 item categories online at Bitcoin Shop.
Powered with the GoCoin payment processor, which converts altcoin transactions in real time to fiat currency Bitcoin Shop is being seen as a right option for customers. Nonetheless, the conversion rate of altcoin to dollars on the marketplace is updated by GoCoin every 15 minutes to help customers get the best prices available in market.
As GoCoin enables merchants to reap the benefits of accepting digital currency without taking on the perceived risk, they are accepting it without any apprehensions. One year old company, GoCoin, an international group of companies with a presence in Asia Pacific, the Americas, the Caribbean and Europe, hopes that Charles Allen will add momentum to its activities.
To contact the reporter of this story: Deepak Tiwari at firstname.lastname@example.org