Bitnet Gets $14.5 Million in Series A Funding
Bitnet Technologies is the latest company in the cryptocurrency/bitcoin sector to close a significant round of funding, according to a Monday morning announcement. The company, which focuses on allowing enterprise-scale merchant to accept bitcoin payments, has raised a whopping $14.5 million in Series A funding led by Highland Capital Partners. Rakuten, the largest e-commerce service in Japan (whose U. S. division recently began accepting bitcoin), also took park in the round, today's announcement says. Other participants include: Webb Investment Network, Bitcoin Opportunity Corp.,....
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A group of traditional payments veterans has raised $14.5m to launch Bitnet, a bitcoin payments processor that aims to entice the largest merchants in the world to accept bitcoin. Led by Highland Capital Partners, Bitnet's Series A round also included Rakuten, Japan's largest e-commerce site. Notably, Rakuten is not only providing funding, it will use Bitnet's bitcoin payments software. John McDonnell, CEO of Bitnet, told CoinDesk the company has an enterprise-level platform for large retailers to begin accepting bitcoin and that it expects its offering to compete against established....
Bitnet Technologies, a digital commerce platform enabling enterprise-scale merchants to accept Bitcoin payments, announced it has closed a $14.5 million Series A funding round led by Highland Capital Partners. Also read: Acromobile And Bitnet Enable Mobile Merchants to Easily Accept Bitcoin Payments. Another new investor is Rakuten, the largest e-commerce site in Japan and one of the world's largest by sales. The funding comes as Bitnet launches its platform and builds international teams for sales, marketing and customer support in North America, Europe and Asia. Bitnet co-founder & CEO....
NFT marketplace Rarible announces it has raised $14.2 million in a Series A funding round. The company, founded just last year, plans to use the funding for advancing their goal of making NFTs more mainstream. Behind the Series A funding round were names like Coinfund, Venrock, and 01 Advisors. Rarible is an NFT marketplace that […]
Blockchain technology has gotten a major boost in Japan as Rakuten has committed itself to the research and development of blockchain solutions for e-commerce. Meanwhile, Ripple's Asian branch has announced a new bank consortium to build and deploy a blockchain-enabled platform for payments and settlements. Japan's internet and e-commerce giant Rakuten has opened a new blockchain lab in Belfast, Ireland, dedicated to developing blockchain applications for the fintech and e-commerce sectors. The launch of the Rakuten Blockchain Lab (RBL) follows the firm's acquisition of Bitnet....
Rakuten, the Japanese ecommerce major has finalized the acquisition of Bitnet. The company has also announced the upcoming launch of a new Blockchain Lab in Belfast, Northern Ireland. The Japanese e-commerce and finance Major, Rakuten has confirmed the acquisition of Bitnet. The acquisition is the result of Rakuten’s increased interest in Bitcoin and blockchain related intellectual property owned by Bitnet. Headquartered in San Francisco, Bitnet is a provider of Bitcoin-based payment solutions for merchants and businesses. The company had previously raised investments from various parties....