GoCoin Multi-Currency Payment Processor Launches
GoCoin launches supporting Bitcoin, Litecoin, and Dogecoin payments, providing merchants with multi-cryptocurrency options.
On March 17, 2014, GoCoin launched as a payment processor that supported multiple cryptocurrencies including Bitcoin, Litecoin, and Dogecoin, providing merchants with alternatives to Bitcoin-only payment processors like BitPay and Coinbase. GoCoin's multi-currency approach recognized that different cryptocurrencies appealed to different user communities and that merchants could benefit from accepting various digital currencies.
The platform offered similar merchant services to established processors while expanding cryptocurrency payment options.
GoCoin's launch was significant because it validated the multi-cryptocurrency approach and demonstrated that payment processors could successfully serve merchants interested in accepting various digital currencies rather than just Bitcoin. The platform also helped legitimize alternative cryptocurrencies like Litecoin and Dogecoin by providing them with professional payment processing infrastructure.GoCoin's success showed that the cryptocurrency ecosystem was large enough to support multiple payment processors with different specializations and approaches.