Quote from: SportsBet on May 20, 2014, 07:25:25 AM

Quote from: Unluckyduck on May 20, 2014, 07:10:09 AM

Does anyone know what Bitpays volume is cause $30 million seems like a bit much in my opinion.

I remember reading 1mil$ a day or so. Few hundred new merchants every day.
30mil seems analogous to what coinbase were securing, does not seem much to me.

That would appear to be cheap if true. About $411 to gain an introduction to each business over the next year is quite cheap. Of course they have to make profit from each of those businesses and get the revenue to regain that money spent but it appears cheap for that amount of potential growth.
Not including whatever business is already established and profitable within bitpay

I can see why they went for it though branson and the other have all split the risk and can write off a loss here against profits elsewhere and so on, this is just a punt for them