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Tim Draper Invests $1.25M In Bitcoin Payments Processor Opennode

by coindesk.com posted 11months ago 47 views
U.S.-based venture capitalist Tim Draper has invested $1.25 million in OpenNode, a bitcoin-only payments processing startup. : U.S.-based venture capitalist Tim Draper has invested $1.25 million in OpenNode, a bitcoin-only payments processing startup. Announcing the seed round on Tuesday, OpenNode told CoinDesk that the raised funds will be used to expand its team and beef up its legal and compliance efforts. The firm claims to process “instant” and “risk-free” bitcoin payments for businesses, generating revenue by charging a 1 percent for transactions.

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