Bitcoin Startups: GogoCoin

Bitcoin Startups: GogoCoin

 

Gogocoin is a new Bitcoin startup that will offer easy-to-redeem gift cards for Bitcoins at retailers worldwide. In exchange for local currency, users will be able to enter retail stores and buy Bitcoins. The cards are then redeemed at http://redeem.bitcoin.com where a wallet is instantly created on blockchain.info, and the coins arrive at spot rate minus a 7% fee. Tom Longson, Gogocoin’s founder, first became involved in Bitcoin in 2011 when he began mining.

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