Connect with us
Prague Gaming & TECH Summit 2025 (25-26 March)

Blockchain

Bitcoin SV payment processor Centi closes funding round headlined by Dr. Jürg Conzett & Calvin Ayre

Published

on

 

Centi, the Switzerland-based Bitcoin SV payments processor, today announces that it has closed its first funding round headlined by Dr. Jürg Conzett, founder of Zurich’s MoneyMuseum & technology entrepreneur Calvin Ayre, founder of the Ayre Group and CoinGeek.

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, Centi offers a streamlined solution for businesses to begin accepting Bitcoin SV payments, which attract much lower fees for merchants compared with traditional payment networks.

With Centi, from a merchant’s perspective, nothing changes. Because the product 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.

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.

Advertisement

The Centi payments platform is built for use exclusively with Bitcoin SV – its blockchain being the only solution that offers the fast processing times, predictable low fees, and unbounded scaling required to compete with traditional providers in the space. The Bitcoin SV network enjoys transaction fees as low as 1/100 of a U.S. cent, in contrast to transaction fees on the BTC network which are expensive and unpredictable (average BTC fees ranged wildly from USD $.55 to $6.64 over the past 3 months). Even with service fees charged by Centi, its system will cost less for merchants than payment cards.

In keeping with the wider mission of Bitcoin SV to operate an ecosystem that maintains lawful conduct and is regulation friendly, Centi has become a member of the Financial Services Standards Association (VQF), a self-regulatory organization focused on AML for financial intermediaries in Switzerland.

Centi Founder Bernhard Müller, commenting on the close of the funding round, said:

“I feel privileged to work with two such experienced investors – Calvin Ayre and Dr Jürg Conzett – on creating the digital cash register of the 21st century. At this stage, expertise and business connections are just as important as the investment money. It humbles me to be able to work with top tier business professionals who recognize the commercial value of our ideas and placed their trust in Centi to realize and extend our vision.”

Dr Jürg Conzett commented on his decision to support Centi:

Advertisement

“I have invested in Centi because of the excellence and commitment of the founder, the scaling ability of BSV and the wish to support a commercial Bitcoin product. Centi is well prepared to take advantage of combining blockchain with an efficient, low cost payment system. Further it has potential to add features no other payments system has today.”

Calvin Ayre pointed to Centi’s 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. Centi’s technology offers a breakthrough solution for the easy adoption of Bitcoin SV by merchants. The innovative technology developed by Centi coupled with a blockchain that can scale makes for an exciting combination, one that I’m confident will prove a pivotal step in Bitcoin SV’s evolution as the digital currency of choice.”

Centi’s emergence reflects Switzerland’s rise as a hub for Bitcoin SV business, as other BSV companies also look to expand presence in the European country.

Advertisement

Blockchain

Bybit Receives Georgian VASP License, Strengthening Global Regulatory Presence

Published

on

bybit-receives-georgian-vasp-license,-strengthening-global-regulatory-presence
Continue Reading

Blockchain

Accredited Solutions, Inc. Announces Strategic Acquisition of GlobeTopper, a $37M Revenue Platform Acquisition to Anchor Fintech Strategy

Published

on

Continue Reading

Blockchain

DIGZAX Enhances Collaborative Security System, Pioneering New Heights in Cryptocurrency Trading

Published

on

digzax-enhances-collaborative-security-system,-pioneering-new-heights-in-cryptocurrency-trading

DIGZAX

Continue Reading
Advertisement
 title=
Advertisement

Latest News

Recent Listings

  • Global Payout, Inc.

    Since the Company’s inception in 2009, Global Payout, Inc. has been a leading provider of compreh...

  • MTrac Tech Corp.

    MTrac Tech Corporation, a Nevada Corporation, is a privately held, wholly owned subsidiary of Glo...

  • Net1

    Net1 is a leading provider of transaction processing services, financial inclusion products ...

  • uBUCK Technologies SEZC

    Based in Georgetown, Cayman Islands, uBUCK Tech is a fintech enterprise that specializes in digit...

  • LiteLink Technologies Inc.

      LiteLink is a major player in developing world-class enterprise platforms that utilize ar...

  • Good Gamer Corp.

      Good Gamer Corp. is a privately-held technology company focusing on gamers and streamers....

  • BitPay

      Founded in 2011, BitPay pioneered blockchain payment processing with the mission of trans...

  • About Net1

      Net1 is a leading provider of transaction processing services, financial inclusion produc...

  • Blockchain Foundry Inc.

    Headquartered in Toronto, Canada, Blockchain Foundry (CSE:BCFN)(FWB:8BF)(OTC:BLFDF) is a global b...

  • Sixgill

    Sixgill provides a full suite of universal data automation and authenticity products and services...

Trending on TBE