OpenNode provides a secure bitcoin payment processing solution that enables e-commerce businesses to accept bitcoin and receive settlements in local currencies through its API and hosted payment pages. The platform addresses the volatility of bitcoin prices by offering automatic conversion to local currency at the time of payment, ensuring instant or near-instant settlement.
Funding
$24.8M 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
E-commerce businesses face challenges in accepting Bitcoin payments due to price volatility and the complexities of converting Bitcoin to local currencies. Traditional payment systems also often involve high fees and the risk of fraud and chargebacks.
Solution
OpenNode provides a Bitcoin payment processing solution that enables businesses to accept Bitcoin and receive settlements in local currencies. The platform offers a suite of tools, including an API, e-commerce plugins, and hosted payment pages, to facilitate Bitcoin transactions. OpenNode addresses Bitcoin's price volatility by offering automatic conversion to local currencies at the time of payment, ensuring instant or near-instant settlement. This allows businesses to leverage Bitcoin for cross-border payments while mitigating the risks associated with price fluctuations.
Target Audience
The primary target audience includes e-commerce businesses, startups, and enterprises looking to accept Bitcoin payments and streamline cross-border transactions.
Features
- API for integrating Bitcoin payments into any business or application
- E-commerce plugins for popular platforms like Shopify
- Hosted payment pages for accepting Bitcoin payments without custom integration
- Automatic conversion of Bitcoin to local currencies (EUR, GBP, USD, etc.)
- Instant (Lightning Network) or near-instant (on-chain) settlement
- Professional-grade invoices using billing templates
- Split Settlement for receiving funds in multiple currencies
- Protection against fraud and chargebacks