Key Data

• Trading Name: OpenNode
• Legal Entity: OpenNode, Inc
  
• Activities:  crypto payment processor
  
• Location: United States
• Regulations: no
  
• Key People: Afnan Rehman
  

OpenNode was founded in 2018 by Afnan Rehan and his partners.

The Offering

According to its LinkedIn profile, OpenNode is a leading “Bitcoin-as-a-payment-network” infrastructure company, servicing companies in more than 160 countries through innovative Bitcoin Lightning Network-powered products. OpenNode provides technology solutions, including simple no-code, turn-key hosted checkouts, e-commerce plug-ins, and APIs for customized integrations.

Conclusion

OpenNode is not regulated. We have learned that OpenNode also worked for the disappeared high-risk payment processor OctaPay and allegedly retained funds. We can neither confirm nor falsify this. In summary, we advise merchants to be cautious and include the crypto payment processor in our Orange Compliance List.