Finextra – 10/20/14: Bitnet, a bitcoin payments processor targeting large merchants that was set up earlier this year by a gaggle of Visa and CyberSource veterans, has raised $14.5 million in a series a funding round led by Highland Capital Partners. The round was also joined by Japanese e-commerce giant Rakuten, Webb Investment Network, Bitcoin Opportunity Corp, Stephens Investment Management, Commerce Ventures and Buchanan Capital Management. Peter Bell from Highland Capital Partners joins the Bitnet board.
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