bitcoin

A Look At Bitcoin Shop Inc (OTCMKTS:BTCS)’s Transaction Verification Service Operation

Bitcoin Shop Inc (OTCMKTS:BTCS) will work to develop an effective and the well-connected universal digital currency ecosystem. It expects the transaction verification services facility to become operational in another one to four weeks. It has bought additional servers so that it can increase its total hashing power to 1 Petahash. It is a requirement once facility goes online.

The details

The transaction verification services will be operational in Bitcoin’s recently bought facility that spreads on an area of 83,000 square foot. Charles Allen, the CEO filmed a short video tour of the new facility so that the investors can get an insider view of company’s operations. The digital currency mining or transaction verification services segment entails operating specialized servers that provide prescribed calculations. In the process, system gets verified information and adds it to blockchain to confirm Bitcoin transactions. After Bitcoin Shop adds a block, it receives new Bitcoins.

Lead investor

Bitcoin Shop Inc (OTCMKTS:BTCS) is also one of the lead investors in GoCoin. It is a prominent name in the field of payment processor. GoCoin has associated with RE/MAX London a deal that will allow it to accept digital money for property rentals. Re/MAX is a property leader in the field of residential sales. The deal is a pilot program and will be applicable for property rentals in the UK.

The other highlights

GoCoin is a company in the field of blockchain payments and is the platform for processing Litecoin, Dogecoin and Bitcoin at checkout. The partnership is significant for Bitcoin Shop also as the success of GoCoin in the UK will help it to enhance its revenue. With associating with GoCoin, Re/MAX also becomes the first estate firm in the UK to provide its customers with flexibility to make payments for rentals through digital or cryptocurrency. The company has a wide presence in the UK, with 16 offices in just London.

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