According to published reports, Coinbase Inc., a provider of online Bitcoin accounts and transaction services, raised $25 million in funding led by Andreessen Horowitz. Existing investors Union Square Ventures and Ribbit Capital are also participating in the second round.

Founded in June of 2012, Coinbase is a bitcoin wallet and platform where merchants and consumers can transact with the new digital currency bitcoin. Coinbase is an international digital wallet that allows you to securely buy, use, and accept bitcoin currency.