Mion enables businesses to accept Bitcoin payments through the Lightning Network, providing instant conversion to Euros with a fixed 1% transaction fee. This solution eliminates volatility and hidden fees, allowing merchants to tap into Europe's €130 billion Bitcoin market while ensuring compliance and efficient payouts.
Funding
$250K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Many businesses are hesitant to accept Bitcoin due to its price volatility, complexity in handling cryptocurrency transactions, and regulatory uncertainty, which prevents them from tapping into the growing Bitcoin economy. Traditional payment solutions often involve high transaction fees and can be slow, especially for cross-border payments.
Solution
Mion enables businesses to accept Bitcoin payments via the Lightning Network and receive payouts in Euros, mitigating the risks associated with Bitcoin's volatility. The platform provides instant conversion from Bitcoin to Euro, ensuring businesses receive a fixed amount in their local currency. Mion handles the complexities of Bitcoin transactions, including compliance and regulatory requirements, allowing businesses to integrate Bitcoin payments as easily as traditional payment methods. The service offers a streamlined solution for businesses to access the Bitcoin market without directly managing cryptocurrency.
Target Audience
The primary target audience is European businesses that want to accept Bitcoin payments without the risks and complexities of managing cryptocurrency directly.
Features
- Lightning Network integration for fast and low-cost Bitcoin transactions
- Instant Bitcoin to Euro conversion to eliminate price volatility
- Automated regulatory compliance and authorization
- Payouts in Euros within 48 hours
- Fixed 1% transaction fee
- Integration with existing payment solutions