Tag: OpenNode

Crypto Payment Infrastructure Firm Opennode to Test Bitcoin Payments in Bahrain – Fintech Bitcoin News

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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 solution via the Central Bank of Bahrain (CBB) regulatory…

OpenNode sets up BTC payment infrastructure in Bank of Bahrain regulatory sandbox

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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) infrastructure in Bahrain, although the Gulf island nation has been luring fintech companies to its shores for the past several…

Twitter Joins $20M Funding Round for Bitcoin Payments Provider OpenNode

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Bitcoin payment provider OpenNode has closed a $20 million Series A funding round led by U.K. firm Kingsway at a $220 million valuation to fuel its global expansion, according to a press release provided to CoinDesk. Other participants in the round include Twitter, venture capital investor Tim Draper and Avon Ventures, a venture capital fund affiliated with Fidelity Investments. Original

Argentina-Based Mobile Wallet App Belo Adds Lightning Network Support via Opennode – Bitcoin News

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On Monday, January 10, the Argentina-based mobile wallet company Belo announced that the platform has added support for the Lightning Network by partnering with the bitcoin payment processor and infrastructure provider Opennode. The mobile application allows users to trade and transact in pesos and now users can transact with bitcoin payments going forward. Belo Partners With Opennode, Introduces Lightning Network Support Belo, the Argentine mobile wallet application founded by Manuel Beaudroit aims to “create a bridge” between the crypto world and life in pesos. On Monday, the company announced it…

OpenNode Finds Way for Retailers to Turn Fiat Payments Into Bitcoin (Using Apple Pay)

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The bitcoin payments startup OpenNode just gained access to Apple Pay, according to the startup’s head of marketing, Ryan Flowers. This could be a boon for the small subset of merchants who want to hold bitcoin, because it allows people to spend dollars through their regular fintech accounts yet still have those dollars exchanged to bitcoin for the merchant to receive. The customer’s fiat payment goes through OpenNode’s partner, Wyre, converting to bitcoin (BTC) and depositing in the merchant’s wallet. Merchants can sign up to be part of the private…

Tim Draper Backed OpenNode Startup Raises $1.25 Million to Develop its Bitcoin (BTC) Payment Processing Platform

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Tim Darper backed startup of OpenNode announced that it had successfully raised $1.25 Million to fund its venture to create a better and easier way to accept Bitcoin (BTC). Many merchants have been known to be for the idea of integrating Bitcoin payments onto their businesses, but very few payment processing solutions exist in the crypto-verse. OpenNode promises to be the simplest robust platform with an easy to use eCommerce and retail plug-in solution. It will also have payment infrastructure API’s for developers and the fastest payment processor limits. The…

OpenNode: Bitcoin’s Lightning Network’s Own “PayPal”

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Bitcoin had a steady start as a medium of exchange and has slowly begun challenging the hundreds of decades-old fiat money system. Businesses are now moving towards developing systems which could aid the further adoption of the pioneer cryptocurrency over fiat. Bitcoin Payment Processing: An Introduction To explain in brief, bitcoin payments processing means to provide tools and services which enable merchants, service providers, and other businesses to accept their payments in cryptocurrency instead of traditional payment options. It works similar to processing payments via a credit or debit card,…