France-based payment solutions provider Limonetik has partnered with bitcoin payments processor Bitnet, potentially allowing any of its supported merchants to accept bitcoin.
Limonitek offers payment solutions to e-commerce sites and other payment service providers, helping them offer additional forms of payment. It says to count PayPal among its clients. Through Bitnet’s integration, each will be able to enable consumers to pay with bitcoin, and receive funds in their local fiat.
Bitnet is one of several Bitcoin merchant services providers, with a particular focus on large companies. Last year, the company secured $14.5 million in venture funding, one of the larger investments in the industry at the time.
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Growing merchant demand reportedly paved the way for the partnership. Said Christophe Bourbier, CEO and co-founder at Limonetik:
“We recognized the growing interest in digital currencies from our customer base and are excited to partner with Bitnet to add bitcoin to our service offering. 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.”
The deal comes at a time when fewer big names accept bitcoin for payment, and the majority of those who do in fact have the bitcoins immediately converted to fiat.