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Bitcoin Shop Inc (OTCMKTS:BTCS) Explains Transaction Verification Service System

Bitcoin Shop Inc (OTCMKTS:BTCS) has been taking several significant measures to develop an effective as well as a well-connected universal digital currency ecosystem. It will be supplemented by the transaction verification services facility. The new facility is expected to become operational in next four weeks.

The company said that it is getting more servers so that there is no shortage of total hashing power. The additional servers will increase total hashing power to almost 1 Petahash. There will be a need for higher power once service system gets operational.

Transaction verification services

Bitcoin Shop Inc (OTCMKTS:BTCS)’s transaction verification services will be functional its recently purchased facility. It covers an area of around 83,000 square foot. The management has prepared a short video featuring new facility. It will be presented to investors so that they can get acquainted with the company’s plan and new services.

They will get a better view of operations. The mining or transaction verification services entail specialized servers that work on prescribed calculations. The system received verified information and added a block to confirm transactions. Only after it, Bitcoin Shop will be able to get Bitcoins.

GoCoin

In other news, GoCoin, a prominent name in the field of payment processor, announced that it has partnered with Re/MAX London. Bitcoin Shop is an investor in payment Processor Company. The new agreement will enable GoCoin to accept Bitcoin as approved payment for property rentals. The associate Re/MAX is a property leader and offers its services in the segment of residential sales.

The partnership between GoCoin and Re/MAX is a pilot program that is valid for property rentals in the UK. GoCoin looks after blockchain payments. It is a processing company for several virtual currencies like Litecoin, Dogecoin, and Bitcoin. These are processed by GoCoin during checkout. The partnership will also bring new revenue-generating opportunities for Bitcoin Shop.

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