Bitcoin on the Horizon for Etsy Users?

Thanks to RUSEtsy for the post…



For those of you not familiar with Bitcoin, it is a digital currency (best explained by wikipedia and at that is fast becoming an accepted form of internet payment. It is especially popular with the computer-savvy and those who want to cut-out the middleman. Sound familiar? It should.

Etsy investor and Board Director, Jim Breyer, has invested $9 million in a bitcoin start-up (from Breyer Capital):

Mr. Breyer is an investor in Circle Internet Financial, one of the host of start-ups trying to find a way to make bitcoin a widely adopted currency for retail payments. The company was started by Jeremy Allaire, a serial entrepreneur, and it aims to be a payment processing system for online and physical merchants, similar to the service PayPal offers online. Along with his venture firm, Accel Partners, and another called General Catalyst Partners, Mr. Breyer has invested $9 million in the…

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