Crypto Payment Infrastructure Firm Opennode to Test Bitcoin Payments in Bahrain
Opennode, a bitcoin payment infrastructure firm, recently said it will run trials of its bitcoin processing and payout solution through the Central Bank of Bahrain’s regulatory sandbox. According to Dalal Buhejji, an executive director with the Bahrain Economic Development Board, the central bank’s sandbox helps to ensure that fintechs will continue to innovate and adhere to best regulatory practices. Helping Grow Bahrain’s Economy A bitcoin payment infrastructure company, Opennode, has said it intends to “test a bitcoin payment processing and payouts....
Related News
The kingdom in the Persian Gulf is taking its latest step in transforming its economy away from oil with the Bitcoin and Lightning Network infrastructure provider’s trial. Bitcoin infrastructure provider OpenNode will test a Bitcoin payment processing and payouts solution in the Central Bank of Bahrain’s (CBB) regulatory sandbox, the company announced Sept. 13. This is the latest of several steps the kingdom has taken to join the crypto economy both on its own and as a member of the Cooperation Council for the Arab States of the Gulf (GCC). OpenNode will provide the first Bitcoin (BTC)....
Using the central bank’s fintech digital sandbox to trial bitcoin payment solutions, OpenNode will bring BTC payments to the island kingdom for the first time.
According to the latest press release published on September 13, OpenNode is undergoing trials of using bitcoin payments along with the Central Bank of Bahrain’s Regulatory Sandbox application that is curated specifically for Fintech applications. The primary aim of OpenNode is to show the propensity of Bitcoin to improve and spur the growth of Bahrain’s […]
The bitcoin payment processor OpenNode just announced the close of a $20 million Series A funding round led by Twitter, UK-based Kingsway, venture investor Tim Draper, and Avon Ventures. The company now valued at $220 million focuses on building Bitcoin and Lightning Network payments infrastructure. The Adoption Of Bitcoin Payments OpenNode was funded in 2018 […]
OpenNode will provide infrastructure for Launch Cart to leverage Bitcoin’s Lightning Network allowing any business on the platform to accept bitcoin as payment.