Bitcoin Processor Bitpay Raises $30M In Venture Capital

The collapse of Mt. Gox and the steady decline of Bitcoin’s value from its December 2013 heights hasn’t put investors off the digital currency, as evidenced by Bitpay’s ability to raise $32.7 million making it the best funded Bitcoin startup in the world. The Series A funding round was led by Index Ventures with participation from Horizons Ventures, Founders Fund, Sir Richard Branson, and others.

In a statement, Bitpay said that it currently processes more than $1 million in Bitcoin transactions per day for 30,000 merchants, 50% in the US and 30% in Europe. If you buy a trip...