Bamberg and Belfast – June 30, 2015 – Bitcoin is a decentralised digital currency that does not depend on any central authority such as a bank to process or validate transactions. Instead, the computing power from a global network of users is leveraged to authenticate transactions and record them in a distributed and publicly available ledger known as the blockchain. This transparency, coupled with the ability to address points of friction in traditional payments networks, has led to a surge in interest in bitcoin in recent years.
Through the Computop and Bitnet partnership, merchants are able to offer bitcoin as a payment option to customers in a simple, safe and secure manner. Merchants benefit from low fees and freedom from chargebacks, in addition to being able to extend their global reach without incurring cross-border fees. Merchants will be funded by Bitnet in the local currency of their choice, whilst enjoying the seamless transaction flow they have come to expect through Computop Paygate.
“We recognize that the bitcoin ecosystem is growing throughout the world and are excited to be the first European PSP to partner with Bitnet to enable merchants to accept payments in bitcoin,” said Ralf Gladis, CEO of Computop. “Through this partnership, retailers don’t have to worry about the management of this evolving payment method. They can simply accept bitcoin as payment from customers, and know that the process will be smooth and risk-free for them.”
“Our partnership with Computop enables us to extend our bitcoin payments processing functionality to merchants globally,” said Akif Khan, Chief Commercial Officer at Bitnet. “We look forward to working with Computop to enable merchants throughout Europe, the U.S. and Asia to accept bitcoin payments from their customers.”
Bitnet provides a digital commerce platform enabling enterprise-scale merchants to accept bitcoin payments. Bitnet’s engineering, product, and business development team helped build and manage the world’s largest payment gateway, CyberSource (NASDAQ: CYBS), which was sold to the world’s largest payment network, Visa (NYSE: V), for $2 billion in 2010. Bitnet has offices in San Francisco, California; Belfast, Northern Ireland; and Singapore. For more information visit https://www.bitnet.io.