San Francisco, California
While most bitcoin payment processors focus on individuals and smaller businesses or ecommerce platforms, Bitnet offers enterprise scale bitcoin payment solutions. Started in 2013, Bitnet offers guaranteed funds to its clients by eliminating price volatility associateed with bitcoin. Even though Bitnet accepts bitcoin payments, merchants will receive the settlement only in fiat currency
unless they request for a certain percentage in bitcoin.
Bitnet has raised $17 million from multiple rounds of investments so far.
John McDonell and Stephen Mc Namara