Ex-Facebook COO invests in GoCoin, a Singapore-based PayPal for digital currencies

GoCoin, a California and Singapore-based company that is creating a PayPal for digital currencies, has closed a US$1.5 million series A venture round led by former Facebook COO Owen Van Natta and Bitcoin Shop, an ecommerce website that transacts in Bitcoin. Crypto Currency Partners also joined the round. GoCoin’s competitors in Bitcoin payment processing include the well-funded Coinbase and BitPay. Brock Pierce, co-founder of GoCoin, told CoinDesk that his company is the number three cryptocurrency payment provider globally.

http://www.techinasia.com/facebook-coo-invests-gocoin-singaporebased-paypal-digital-currencies/