THELOGICALINDIAN - The bitcoin acquittal processor OpenNode aloof appear the abutting of a 20 actor Series A allotment annular led by Twitter UKbased Kingsway adventure broker Tim Draper and Avon Ventures The aggregation now admired at 220 actor focuses on architecture Bitcoin and Lightning Network payments infrastructure
The Adoption Of Bitcoin Payments
OpenNode was adjourned in 2024 and focuses on creating the basement to abutment Bitcoin as “the new abject band for all-around payments” while architecture on the Lightning Network to accredit bargain transactions.
OpenNode focuses on Bitcoin alone, seeing added cryptocurrencies as a babble to ignore: “The aggregation of agenda projects and tokens, while novel, is abundantly a aberration from the important assignment of transforming the world’s abject adjustment layer.”
The allotment annular aims to aggrandize OpenNode’s casework and abound its aggregation while additionally absorption on accretion the use of Bitcoin as a acquittal form. The aggregation declared that in a few months they will be announcement new artefact appearance –like a acquittal wallet and an account-linked debit card–, partnerships, and audience “that will drive cogent acceptance of Bitcoin payments.”
Josh Held, arch of action at OpenNode, declared in a columnist release that the appeal for bitcoin acquittal solutions is assuming exponential growth, and the close is invested in creating the able basement for the world’s better businesses to accept Bitcoin as a adjustment of payment.
Although the accepted transaction aggregate of OpenNode has not been specified, Held told The Block that the aggregation hopes to ability the 25,000 BTC mark soon, which translates to about $1 billion at the agenda coin’s accepted value.
Bitcoin adherent and broker Tim Draper commented that OpenNode is benign for retailers because it allows them “to acquire bitcoin after accepting to pay the banks or the acclaim agenda companies the 2% to 4%,” accomplishing it with “only a atom of the activity amount appropriate for an on-chain bitcoin transaction.”
Likewise, advance broker and Founder of Kingsway Capital Manuel Stotz thinks that the Lightning Arrangement complementing Bitcoin “is activity to be the best important technology for banking inclusion” because it promises to advance the agenda bread into acceptable “a global, censorship-resistant, and permissionless acquittal network.”
Related Reading | Twitter CEO Jack Dorsey Says Bitcoin Will Be A Big Part Of The Social Media Giant’s Future
Twitter Jumps In
Twitter is a new accession to the acquittal firm’s cap table. The amusing media aggregation has been continued absorbed in arena a accordant role in the crypto ecosystem. Group Product Manager Ester Crawford said in the columnist release:
The above Twitter CEO Jack Dorsey is a able adherent of Bitcoin and while he remained in the position, Dorsey claimed that bitcoin would become a “big part” of the belvedere by allowance it expand. At the moment, he believed it was “hugely important to Twitter and to Twitter shareholders that we abide to attending at the [crypto] amplitude and advance aggressively in it.”
The aggregation has confused advanced to associate with cryptocurrencies amalgam NFTs, growing its crypto team, and affective added into Web3. CFO of Twitter Ned Segal has additionally talked about implementing Bitcoin as a apparatus to “facilitate commerce” in the platform.
Related Reading | How Bitcoin Will Help Twitter Improve Commerce On Its Platform, CFO Says
