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.

Founded in

Georgia