“The most important number is (VC investments have) gone up 3x this year compared to last year, and so having been based in Silicon Valley for 15 years, and seeing a lot of trends and companies getting funding, back from Google and Facebook and all that, we’re seeing the same kind of ecosystem being built.” Bitpay 's Chief Executive Officer , Sonny Singh , in a discussion on the advancements of the digital currency space , highlighted the rapid growth in Bitcoin investment from venture capitalists , which has increased 262.5 % over the last year . Bitcoin , which has already surpassed Western Union and Visa in terms of payment volume , is yet to challenge the biggest payment services in the world , Visa , Mastercard , and China Union Pay . He added that he has experienced a shift in attitude to Bitcoin from major merchants , saying that while a year ago he would explain to merchants why they ought to accept Bitcoin , big companies such as Dell , Overstock , and Microsoft are now talking to their merchants themselves about the value of accepting Bitcoin .
Bitpay 's Chief Executive Officer , Sonny Singh , in a discussion on the advancements of the digital currency space , highlighted the rapid growth in Bitcoin investment from venture capitalists , which has increased 262.5 % over the last year . Bitcoin , which has already surpassed Western Union and Visa in terms of payment volume , is yet to challenge the biggest payment services in the world , Visa , Mastercard , and China Union Pay . He added that he has experienced a shift in attitude to Bitcoin from major merchants , saying that while a year ago he would explain to merchants why they ought to accept Bitcoin , big companies such as Dell , Overstock , and Microsoft are now talking to their merchants themselves about the value of accepting Bitcoin .