Bitnet Lands $14.5 Million Series A Funding to Rival Coinbase, BitPayA group of traditional payments veterans has raised $14.5m to launch Bitnet, a bitcoin payments processor that aims to entice the largest merchants in the world to accept bitcoin.
Led by Highland Capital Partners, Bitnet’s Series A round also included Rakuten, Japan’s largest e-commerce site. Notably, Rakuten is not only providing funding, it will use Bitnet’s bitcoin payments software.
http://www.coindesk.com/bitnet-lands-14-5-million-series-funding-rival-coinbase-bitpay/nice