What is it?
Bitnet is a Bitcoin-focused start up focusing on breaking down the barriers for merchants and making it effortless for customers and merchants to make safe and secure payments without barriers. It’s formed of previous Visa/CyberSource employees and minds who have been in the payments industry for years.
Who is involved?
John McDonnell, Co-Founder & CEO
Stephen Mc Namara, Co-Founder & CTO
Where is it based?
San Francisco, CA, USA
Belfast, N. Ireland, UK
Q&A with Bitnet’s Stephen Mc Namara:
What’s the big problem that you solve?
Bitnet makes eCommerce fraud and risk free for merchants and their customers. With Bitnet it’s now possible to reach a global customer base with a single integration; without the need for region by region acquiring partnerships.
Why are you going to succeed?
We’re payments people with deep domain knowledge, experience and expertise across the payments industry, and in particular within large enterprise merchants. Our proven ability to execute on delivering and managing a global scale merchant processing platform is a first for the Bitcoin ecosystem.
What will you have achieved in 5 years?
We’ll have played a significant part in bringing Bitcoin to mass market adoption and widespread daily use in online commerce.