In the wake of BitPay’s success in raising a record $30 million in a financing round led by venture capital group, Richard Branson, who took part as an investor with an undisclosed amount, released a statement on his stake in BitPay:
“Banking as we know it is in the midst of enormous change and innovation. 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.”
It’s hard to overlook BitPay’s impressive surge since it was launched surpassing the $100,000,000 amount in Bitcoin transactions processed and over 30,000 merchants worldwide. It has also jumped ahead of the money wiring service giant, Western Union, back in November by the transaction volume processed.