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Limonetik offers bitcoin option to PSPs and merchants via Bitnet

08 July 2015  |  2545 views  |  0 Source: Bitnet

Bitnet, an enterprise bitcoin payments processor, and Limonetik, a key player in global digital payments infrastructure and a marketplaces solution provider, today announced a strategic partnership.

Through this partnership, merchants will be able to accept bitcoin as a payment method on the Limonetik payment platform, regardless of either which country they are in or where they are targeting their business.

Bitcoin is a digital currency that allows merchants to accept payment from anyone anywhere in the world at low cost and with no chargeback risk. The reach, coupled with the ability to address points of friction in traditional payments networks, has led to a surge in interest in bitcoin in recent years.

The partnership enables Limonetik to add bitcoin to its already impressive portfolio of payment types. Customers of Limonetik - which range from ecommerce merchants to marketplaces to PSPs wishing to offer additional forms of payment - will be able to add bitcoin to their checkout pages quickly and easily. Bitnet will enable Limonetik’s customers to accept payments in bitcoin without being exposed to risk of fraudulent transactions or any volatility in the price of bitcoin. Funding in a local currency of choice further simplifies the end-to-end flow. This is in keeping with Limonetik’s mission to remove the complexity from payments processing whilst increasing the reach of their customers.

“We recognised the growing interest in digital currencies from our customer base and are excited to partner with Bitnet to add bitcoin to our service offering,” said Christophe Bourbier, CEO and co-founder at Limonetik. “We selected Bitnet as a partner due to the ease-of-integration and scalability of their platform, as well as the proven experience of their team in the payments space.”

“Our partnership with Limonetik enables us to plug into a proven and innovative platform which powers payments processing for a range of merchants, PSPs and marketplaces,” said Akif Khan, Chief Commercial Officer at Bitnet. “We look forward to joining forces with Limonetik to enable their customers throughout Europe and beyond to accept bitcoin payments from a rapidly growing consumer segment.”

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