Company Information

Get to know Bitnet

Bitnet was a B2B payment processing platform founded by veterans from the payment industry, including former executives from Visa and CyberSource. The company's mission was to make bitcoin a viable and secure payment option for large-scale enterprise merchants by providing a reliable, scalable, and secure payment gateway. It competed with other major crypto payment processors like BitPay and Coinbase. In 2016, Bitnet was acquired by the Japanese e-commerce giant Rakuten, and its team and technology were used to establish the "Rakuten Blockchain Lab" to explore blockchain applications. The Bitnet brand and its specific services were subsequently discontinued.

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Financial PSP GatewayPRIMARY
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Bitnet

Georgia

Founded in

2020 (6 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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FTD LIMITED

(505 reviews)

British Virgin Islands

2017

(9 years)

Security Information :

BVI FSC

Security Information

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This company is currently Unproved.

Please be cautious of the potential risks!

License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.