Bitnet Launches 'Instant Approval' Tool for Bitcoin Merchants
Payment processor Bitnet has launched an 'Instant Approval' service, reducing the delays faced by merchants as they wait for bitcoin transactions to be confirmed on the blockchain. With its new product, merchants integrated with Bitnet's payment solution will receive funds "within seconds", avoiding the usual wait for between two and six transaction confirmations on the blockchain. The service works by calculating the probability of whether a bitcoin transaction will ultimately confirm on the blockchain. Risk profiling. Despite having partnered with BlockCypher - a bitcoin technology firm....
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Instead of having online merchants for bitcoin transactions to be verified, payments processor Bitnet introduced its instant approval tool that can reduce delays. Merchants who have integrated their online shop platforms with Bitnet can be able to receive bitcoin payments in seconds instead of waiting a long while for confirmation through the bitcoin network. The time it takes for bitcoin transactions to go through has been much longer these days, thanks to a surge in volumes and the current block size limit. There has been a longstanding debate to increase the maximum size of a block, but....
Bitcoin payments processor Bitnet has launched a new tool that allows merchants to mitigate the risk of accepting bitcoin payments without confirmations. The new “Instant Approval” service applies data provided by blockchain web service company BlockCypher to determine if a transaction is safe to accept. Because of how the Bitcoin network is designed, bitcoin payments cannot be fully trusted until they have been confirmed by miners and included in at least one block, while waiting up to six blocks is advised. But since this can sometimes take more than an hour, it makes Bitcoin a....
Acromobile and Bitnet announced that Acromobile Payments is integrating with Bitnet's platform to offer merchants the ability to accept Bitcoin payments. With this partnership, Acromobile and Bitnet are providing sellers with a new way to drive more customers to their business, simplify their operations, and process payments faster and cheaper. Jason Masciarelli, Founder at Acromobile, said: "With companies like Dell and eBay already accepting Bitcoin, the demand from B2B and B2C merchants is really accelerating. With Bitnet we are able to deliver an integrated CRM and commerce platform to....
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....
Bitnet, a bitcoin payments processor from the developers of the largest payment gateway (CyberSource, acquired by VISA) has entered into a strategic partnership with Computop, a leading payment service provider, to allow global merchants to accept bitcoin on Computop Paygate. Since its launch, Bitnet has focused its services to provide an enterprise-grade digital commerce platform with security, reliability and scalability standards demanded by global businesses. Through the Computop and Bitnet partnership, however, the multi-national bitcoin merchant processor is attempting to implement....