March 31, 2015 08:00 ET Bolsters Secure Payments Processing With Bitnet

Bitnet's Bitcoin Payment Processing Provides Merchants and Shoppers With a Secure, Seamless Payment Network

ALISO VIEJO, CA--(Marketwired - Mar 31, 2015) - today announced it has fully integrated Bitnet's payment processing platform to accept bitcoin as payment. The Bitnet integration allows shoppers full consumer protection and peace of mind when using bitcoin for payment transactions with merchants through's online marketplace. To mark the occasion, is running a bitcoin promotion beginning April 1.

Fumio Kobayashi, president of said: "Bitcoin turned the Internet into a secure, seamless global payment network. By integrating with Bitnet we are now offering consumers the industry standard in secure payments, and our merchants will benefit by receiving guaranteed payments. Both consumers and merchants will have peace of mind when participating in the online marketplace."

The integration with Bitnet's platform will make one of the most secure ecommerce marketplaces. merchants will immediately see the benefits of using a digital currency, including guaranteed payment, instant global reach with no cross-border fees, no price volatility, and no fraud, risk or chargebacks, all for a transaction fees less than that of credit cards. shoppers will instantly benefit from full consumer protection, including multi-sig escrow services for high-value items.

John McDonnell, Co-Founder & CEO, Bitnet, said: "At Bitnet we built security into the DNA of our platform. Our approach to security is designed to protect both shoppers and merchants. We're excited to join with in offering the most secure and seamless global payment network that can be enjoyed by both merchants and shoppers." is promoting bitcoin payments with promotional campaigns to encourage shoppers to try the digital currency. The initial campaign rewards bitcoin users with a financial incentive. Other promotional campaigns will continue throughout the course of the year to encourage adoption and repeat usage.


About is a global e-commerce site that connects buyers and sellers in a dynamic marketplace and thinks of shopping as entertainment -- complete with sharing and discovery functions, great prices, fun experiences and convenience. provides over 20 million products in 24 categories and includes a network of over 5,500 small and large business shop owners. was founded as in 1997 and acquired by Rakuten Inc. in May 2010. Its 150 employees are headquartered in Aliso Viejo, California.

About Bitnet:

Bitnet provides a digital commerce platform enabling enterprise-scale merchants to accept bitcoin payments. Bitnet's engineering, product, and business development team helped build and manage the world's largest payment gateway, CyberSource (NASDAQ: CYBS), which was sold to the world's largest payment network, Visa (NYSE: V), for $2 billion in 2010. Bitnet has offices in San Francisco, California and Belfast, Northern Ireland. For more information visit

Contact Information

  • Media Inquiries:

    Patrick Dixon
    Tel: +1 312 961 2999
    Email: Email Contact

    Michele Gottlieb
    Tel: +1 949 389 2128
    Email: Email Contact

    For Bitnet:
    Nic Bain
    Clement | Peterson
    Tel: +1 415 496 6173
    Email: Email Contact