Go-Coin Company

　　

Go-Coin Company: A Comprehensive Overview

　　

1. Company Overview

　　

Founding Date and Background

　　Go-Coin was founded on July 4, 2013, by a team that included notable figures like Brock Pierce, Kevin Beauregard, Steve Beauregard, and William Quigley. The company was established to provide a payment gateway that enables online and retail merchants to accept Bitcoin and other cryptocurrencies as payment methods.

　　

Parent Company/Owning Structure

　　Go-Coin operates as a private entity and has undergone various funding rounds, raising a total of approximately $2.1 million. However, the company has recently been reported as "out of business," indicating significant changes in its operational status.

　　

Headquarters Location

　　The company's headquarters was initially located in Singapore, specifically in the Central Region. However, it has also been associated with an address in New York, New York, USA, reflecting its international scope.

　　

Global Business Scope

　　Go-Coin aimed to cater to a global market, allowing merchants from different regions to accept cryptocurrency payments. The platform was designed to facilitate transactions across various sectors, including e-commerce, gaming, and charitable organizations.

　　

Main Regulatory Bodies

　　Go-Coin operated in a complex regulatory environment, primarily influenced by cryptocurrency regulations in Singapore and the United States. However, specific regulatory licenses for Go-Coin have been noted as suspicious or lacking in validity.

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2. Company History and Development

　　

Key Milestones

• 2013: Go-Coin was founded, launching its payment gateway for cryptocurrency transactions.
• 2014: The company closed its last funding round, which was categorized as a venture series unknown.
• 2022: Go-Coin was reported to be out of business, marking a significant downturn in its operational capacity.

　　

Business Expansion Journey

　　Initially, Go-Coin focused on providing a platform for Bitcoin payments but later expanded to include other cryptocurrencies like Litecoin and Dogecoin. The company aimed to simplify payment processing for merchants and reduce transaction fees compared to traditional methods.

　　

Customer Base Growth

　　Go-Coin attracted a diverse customer base, including major companies such as General Electric, Tesla Motors, and Bitfury. The platform's ability to facilitate cryptocurrency transactions allowed businesses to tap into the growing market of cryptocurrency users.

　　

Platform Development History

　　Go-Coin's platform was designed to be user-friendly, offering seamless integration for merchants. The platform included features like transaction reporting and analytics, which were essential for businesses to track their sales performance effectively.

　　

Important Awards or Recognitions Received

　　While specific awards or recognitions were not extensively documented, Go-Coin was often mentioned in discussions about leading cryptocurrency payment gateways and was recognized for its innovative approach to digital payments.

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3. Trading Services Offered

　　

Forex Trading Options

　　Go-Coin primarily focused on cryptocurrency transactions rather than traditional Forex trading. However, it did offer a variety of cryptocurrency pairs for trading, catering to the needs of traders interested in digital assets.

　　

Stock Trading Options

　　The company did not provide traditional stock trading services, as its focus remained on cryptocurrency and digital payments.

　　

CFD Trading Products

　　Go-Coin did not specialize in Contracts for Difference (CFDs) but provided a platform for trading cryptocurrencies, which may have included options for leverage and margin trading.

　　

Other Financial Instruments

　　Go-Coins primary offerings included:

• Cryptocurrencies: Bitcoin, Litecoin, Dogecoin, and Ethereum.
• Commodities: While not a primary focus, the platform's cryptocurrency offerings could be viewed as a digital commodity.

　　

Special Services or Unique Advantages

　　Go-Coin distinguished itself by offering a low transaction fee of around 1% for merchants, instant settlement options, and a robust support system for users. The platform aimed to eliminate high fees and chargebacks associated with traditional payment methods.

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4. Regulatory and Legal Background

　　

Detailed Regulatory Information

　　Go-Coin operated under the scrutiny of various regulatory bodies, including:

• Monetary Authority of Singapore (MAS)
• U.S. Financial Crimes Enforcement Network (FinCEN)
• Other local financial regulatory authorities depending on the region of operation.

　　

Legal Entity Structure by Region

　　Go-Coin was incorporated in Singapore but also had operational ties to the United States. The legal structure was designed to accommodate international transactions while adhering to local regulations.

　　

Client Fund Protection Measures

　　While specific client fund protection measures were not detailed, Go-Coin aimed to ensure compliance with relevant regulations to protect user funds, especially given the volatility associated with cryptocurrencies.

　　

Countries/Regions Served

　　Go-Coin targeted a global audience, with a particular focus on regions with a burgeoning interest in cryptocurrency, including Southeast Asia and North America.

　　

Compliance History

　　The company faced challenges regarding its regulatory compliance, particularly concerning the validity of its licenses. This situation was compounded by the overall scrutiny of cryptocurrency businesses in various jurisdictions.

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5. Competitive Landscape

　　

3-5 Main Competitors

　　Go-Coin faced competition from several key players in the cryptocurrency payment gateway sector, including:

• BitPay: A well-established cryptocurrency payment processor that supports multiple cryptocurrencies and offers robust security features.
• Coinbase Commerce: A service by Coinbase that allows merchants to accept cryptocurrency payments directly into their wallets.
• CoinGate: A comprehensive payment gateway that supports a wide range of cryptocurrencies and offers various integration options for e-commerce platforms.

　　

Positioning in the Industry

　　Go-Coin positioned itself as a user-friendly payment gateway that simplified the acceptance of cryptocurrencies for merchants. Its focus on low fees and ease of use aimed to attract businesses looking to enter the cryptocurrency market.

　　

Market Differentiation Factors

　　Go-Coin's primary differentiators included:

• A low transaction fee structure.
• Instant settlement options for cryptocurrency transactions.
• A strong focus on customer support and merchant integration.

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　　In conclusion, Go-Coin emerged as a significant player in the cryptocurrency payment gateway landscape, providing innovative solutions for merchants to accept digital currencies. However, recent developments indicate challenges that have impacted its operational status, highlighting the volatile nature of the cryptocurrency industry. For more information on cryptocurrency payment solutions, learn more.