Digital payment start-up Centi attracts experienced investors Startupticker.ch | The Swiss Startup News channel
Summary
Founded by long-time Bitcoin advocate Bernhard Müller-Hug, Centi is a system that enables merchants to accept digital currency payments through existing Point of Sale (POS) infrastructure. The first merchants utilising the Centi system for payments will be online and available for use later this year, with an initial rollout planned with retail partners across Switzerland. The Centi payments platform is built for use exclusively with Bitcoin SV – according to a press release its blockchain is the only solution that offers the fast processing times, predictable low fees, and unbounded scaling required to compete with traditional providers in the space. " Calvin Ayre pointed to Centis potential to quickly drive usage of BSV payments as motivating his decision to invest: "In the digital currency space, we need to reframe thinking so that value is derived from real utility. The innovative technology developed by Centi coupled with a blockchain that can scale makes for an exciting combination, one that Im confident will prove a pivotal step in Bitcoin SVs evolution as the digital currency of choice.