BITCOIN PAYMENT SERVICE PROVIDER BITNET TECHNOLOGIES RAISES $14.5 MILLION

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.
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 John McDonnell said:
‘We are listening to the world’s largest merchants. Many of these bigger companies have looked at existing solutions and have remained on the sidelines – until now. With Bitnet, we’re building the integrations, systems and technologies that multi-national retailers and travel companies need in order to accept Bitcoin. Being scalable and integrating with existing payment systems and commerce platforms are what’s important to them. Uptime is critical, as are integrated reporting and reconciliation capabilities. Bitnet removes the risk of accepting Bitcoin, allowing merchants to take payments with zero liability – no fraud, no chargebacks, and no false declines. Bitcoin is digital cash, and it’s the first payment system specifically developed for the Internet. Merchants appreciate that, and they’re understandably very excited.’

This post was published at Crypto Coins News on October 20, 2014.