Tim Draper Backed OpenNode Startup Raises $1.25 Million to Develop its Bitcoin

Story by: John P. Njui

Afnan Rahman, Co-founder and CEO of OpenNode, had this to say about OpenNode.

We didn’t create OpenNode to create a Coinbase Commerce 2.0 or Bitpay 2.0.

These solutions have limits on their invoices; we don’t have these limits.

The project’s CTO, Joao Almeida, added that one of their major goals is to accelerate Bitcoin adoption moving into the future.

Rates On OpenNode

The platform charges 1% per transaction as fees with no minimums, no monthly fees, no contracts and no hidden costs for setting up. Withdrawing Bitcoin on the platform is also free with regular fiat withdrawals to bank accounts incurring a 2% charge. The minimum withdrawal for fiat is $10 and the minimum fee per transaction has been set at $2.

The team at OpenNode also has customized plans for its clients with a high volume of transactions. Clients that fit into this category, are advised to contact them directly for customized services.

About Tim Draper

Tim Draper is an American venture capital investor. He is the founder of Draper Fisher Jurvetson, Draper Associates and Draper University. In 2014, he purchased seized Bitcoins at a US Marshals Service that had been part of the Silk Road marketplace website. Over the years Mr. Draper has been bullish about BTC even predicting that it will be valued at $250,000 by 2022.

Tim Draper has been known to help entrepreneurs change the world and drive their visions through funding, education, media, and government reform.

Original story by: https://ethereumworldnews.com/tim-draper-opennode-raises-1-25-million-for-bitcoin-btc-payment-processing-platform/

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