The startup offers a borderless payment and savings platform that enables users to open free virtual bank accounts and transact with cryptocurrencies, including buying, selling, and storing Bitcoin. This platform allows merchants to accept Bitcoin payments for goods and services without the need to manage customer funds directly.
Funding
$970K 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 merchants face challenges in accepting Bitcoin payments due to the complexities of managing cryptocurrency transactions and the volatility associated with digital assets. Traditional payment systems often lack seamless integration for Bitcoin, creating friction for both merchants and customers.
Solution
Musqet provides a borderless payment infrastructure that enables businesses to securely accept payments in-store and online, including Bitcoin, debit cards, and credit cards. The platform offers a self-custodial Bitcoin node on the Lightning Network, giving merchants control over their funds and enabling instant, borderless transactions. Musqet's solutions include a fully integrated payment terminal, advanced payment orchestration, and eCommerce switching capabilities. Merchants can choose to save Bitcoin as an asset or exchange it for GBP, providing flexibility in managing their finances.
Target Audience
Musqet primarily targets merchants looking to expand their payment options to include Bitcoin, reduce transaction fees, and reach a broader customer base, as well as eCommerce businesses seeking to optimize their online payment infrastructure.
Features
- In-store payment terminal with 4G connectivity, supporting debit, credit, contactless payments, and Bitcoin via the Lightning Network
- Online payment gateway integration for accepting Visa, MasterCard, AMEX, Apple Pay, Google Pay, and Bitcoin
- Payment orchestration platform for optimized transaction routing and fraud prevention
- eCommerce switching service to migrate online stores and reduce fees
- Self-custodial Lightning node for secure storage and global transfers of Bitcoin
- Option to automatically convert Bitcoin payments to GBP with daily settlement
- EMVco card tokenization for improved authorization rates and reduced fraud
- Support for minute-by-minute streaming money and micro-transactions