Bitcoin Shop Appoints New Independent Public Accounting Firm

Virtual currency e-commerce marketplace, Bitcoin Shop, has appointed Marcum LLP as its new independent public accounting firm. The appointment will be effective immediately throughout the fiscal year ending on December 31, 2014.

Bitcoin Shop & Marcum

Bitcoin Shop CEO Charles Allen stated:

“As we continue to make progress within the high growth digital currency ecommerce industry, it was of critical importance to engage a nationally known auditing firm with a strong reputation for their expertise in auditing financial reports with accuracy. At Bitcoin Shop, we are committed to providing our shareholders with the highest level of transparency, financial reporting standards and corporate governance.”

Marcum is one of the largest independent public accounting and advisory service firms in the US today. The company is based out of New York, and has been in business for over 60 years.

Marcum manages middle market companies, and was ranked 15th in the country for its accounting service. The company consists of 1,300 professionals and 160 partners in 23 different offices throughout the US, Grand Cayman and China.

As for Bitcoin Shop, customers have the ability to buy merchandise with digital currencies such as bitcoin, litecoin and dogecoin. The store has over 140,000 items for sale in more than 400 categories.

GoCoin Investment

Bitcoin Shop has invested a portion of $1.5 million into digital currency payment platform GoCoin. The investment was lead by Charles Allen, COO Michael Handerhan, former Facebook COO Owen Van Natta, Crypto Currency Partners and others.

Bitcoin Shop will utilize GoCoin specifically for its payment processing option, offering customers the ability to use bitcoin or litecoin for payments. Owen Van Natta indicated:

“User demand continues to grow for alternative payments. I’m excited to deepen my involvement with GoCoin and their best-in-class payments solution for merchants and game publishers.”

Founder and CEO of GoCoin mentioned that his company has focused on different types of currencies since day one. The belief is that Bitcoin Shop’s support will help to extend the GoCoin name, in turn spreading digital currency awareness.

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Image via bitcoinshop.us