What is BitInstant?
BitInstant operates as a crucial payment processor, facilitating transactions for a diverse range of Bitcoin exchanges and merchants. The platform enables customers to seamlessly make payments to these entities by acting as an intermediary and agent. BitInstant aggregates funds through various payment systems, including Dwolla, Liberty Reserve, and TrustCash, ensuring rapid fund availability, typically within an hour, for selected exchanges and merchants such as MtGox, BTC-E, and BitStamp.
How much funding has BitInstant raised?
BitInstant has raised a total of $2M across 1 funding round:
Unspecified
$2M
Unspecified (2013): $2M with participation from Winklevoss Capital
Key Investors in BitInstant
Winklevoss Capital
Winklevoss Capital is dedicated to supporting determined entrepreneurs who are tackling challenging problems in critical domains such as crypto, space, energy, and biotech. The company provides guidance, relationships, and capital to innovators striving for a frictionless world and improved human experiences.
What's next for BitInstant?
The recent major enterprise-level funding positions BitInstant for significant scaling and expansion within the digital currency ecosystem. This strategic backing is expected to accelerate the development of its payment processing infrastructure, enhance its service offerings to exchanges and merchants, and potentially broaden its reach into new markets. The company's focus on streamlining Bitcoin transactions suggests a trajectory aimed at becoming a foundational element of cryptocurrency commerce.
See full BitInstant company page
