Centi, a Zurich, Switzerland – based Bitcoin SV payments processor, closed its first funding round.
The amount of the funding was not disclosed.
The round was led by headlined by Dr. Jürg Conzett, founder of Zurich’s MoneyMuseum, and technology entrepreneur Calvin Ayre, founder of the Ayre Group and CoinGeek.
The company intends to use the funds to launch the system with an initial rollout planned with retail partners across Switzerland.
Founded by long-time Bitcoin advocate Bernhard Müller, Centi is a system that enables merchants to accept digital currency payments through existing Point of Sale (POS) infrastructure. By integrating with existing POS systems and acquirers and avoiding the need for additional hardware, it offer a streamlined solution for businesses to begin accepting Bitcoin SV payments.
Centi integrates into existing POS systems, no additional hardware is required, nor is additional staff training necessary. Payments are made by customers in BSV, but received by merchants in their local fiat currency, eliminating issues associated with accepting and accounting for digital currencies.