News from the Wire

Virpus and Coin.co partner on bitcoin payments

Wednesday, August 20, 2014 — 16:15:33 (EDT)

Seattle, August 20, 2014 -- Virpus, a leading provider of XEN VPS & SSD VPS hosting and a WOW Technologies, Inc. company, is announcing its ability to accept bitcoin as payment for hosting services through an integration with Coin.co, a payment processing company that allows merchants and retailers to take bitcoin payments for their goods and services.

The hosting industry specifically has a lot to gain from the movement towards digital currency since customers in developed countries are already familiar with online payments for hosting services, and developing countries' rising needs for hosting services are creating an overall increase in demand to the industry.

“Apart from equipping US-based consumers with the Bitcoin option, this integration is bringing worldwide value for consumers in countries where paying with credit card is not preferred and making payments through services like PayPal are not available,” says Kenneth Odem, Product Manager for Virpus.

Bitcoin and its technology—deemed revolutionary by many—is allowing services to be utilized from anywhere in the world, regardless of country-specific payment limitation.

“It is rewarding to enable companies to tap into underserved markets that not only have lacking hosting services but also experience limited payment options—especially the digital methods that are conducive to purchasing online services like hosting,” says Brendan Diaz, CEO of Coin.co who has a deep history in the hosting industry.

Virpus and Coin.co are seeing firsthand how Bitcoin integration is helping to bring new business to American companies as well as more options and services to international businesses and the global consumer.

About Virpus and Wow Technologies

Virpus a subsidiary of Wow Technologies, Inc., is a leader in SSD Xen VPS Hosting with the mission of providing an unmatched service at highly competitive price points. Wow Technologies, Inc. (dba Wowrack.com and Coloinseattle.com) is a cloud service provider offering various hosting services including Managed Hosting Solutions, Dedicated Server Solutions, Colocation, Virtualization, Bandwidth Delivery and Managed Services. Our competency includes being able to design, provision, implement, manage and monitor high traffic websites that require high availability and redundant infrastructure. For more information, please visit: virpus.com | wowrack.com | wowtechnologiesinc.com .

About Coin.co

Coin.co is a New York-based payment processor that focuses on providing bitcoin-processing solutions to forward thinking companies. Typically working with large corporations and institutions, Coin.co’s technology enables businesses to accept bitcoin from their customers, yet receive U.S. dollars into their bank accounts. With extensive history in the Bitcoin space, Coin.co’s team provides expertise, regulatory guidance and heightened diligence on its clients' bitcoin transactions. For more information, please visit: www.coin.co .

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Source: Company press release.