Twitter Joins $20M Funding Round for Bitcoin Payments Provider OpenNode

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Bitcoin payment provider OpenNode has closed a $20 million Series A funding round led by U.K. firm Kingsway at a $220 million valuation to fuel its global expansion, according to a press release provided to CoinDesk. Other participants in the round include Twitter, venture capital investor Tim Draper and Avon Ventures, a venture capital fund affiliated with Fidelity Investments.

Founded in 2018, Los Angeles-based OpenNode processes and settles bitcoin payments instantly through the Lightning Network, the leading system for improving bitcoin’s scalability.

OpenNode said its systems for businesses and platforms include payment buttons, hosted checkouts, e-commerce plug-ins and optimized application programming interfaces (APIs).

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