Tim Draper invests $1.25M in Bitcoin payment processor OpenNode

posted 6 months ago
US based venture capitalist Tim Draper has invested $1.25 million in OpenNode, a Bitcoin-only payments processing startup. The raised funds will be used to expand the team and beef up its legal and compliance efforts.

The firm claims to process “instant & risk-free” Bitcoin payments for businesses, generating revenue by charging a 1% for transactions. Notably, OpenNode uses the Lightning network.
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