Key Data

• Trading Name: Speed
• Legal Entity: Speed1 – FZCO 
• Activities: Bitcoin Payment Processor
• Location: Dubai,United Arab Emirates
• Regulations: unknown
• Key People: Jay Patel/Niraj Patel

Speed is a Bitcoin payment processor designed for businesses and individuals. It supports both on-chain and Lightning Network transactions, providing a seamless way to accept and send Bitcoin payments globally.

Offering

Speed offers a comprehensive Bitcoin payment processing solution for online and offline transactions. It supports both on-chain and Lightning Network payments, ensuring fast and secure processing.

Key features include:

• Checkout
• Payment Link
• Single Link To Accept Multiple Bitcoin Payments
• Invoicing
• Pre-Built Invoices For Bitcoin Payments
• In-Person Payments
• One QR
• Payment QR For Offline Stores
• Wallet
• Payouts
• Withdrawal Links
• Send Payment & Refunds 

Serving Industries

Tailored for e-commerce, brick-and-mortar stores, gaming, gambling, and donations. It offers plug-and-play integration with popular e-commerce platforms and provides no-code solutions for quick setup.

Customer Reviews

Google Play: 4,8 Stars with 500+ Reviews

Trustpilot: 3,3 Stars with 2 Reviews

Regulation

Speed lists a license number on their website but does not provide details about the type of license or the regulatory authority that issued it. This lack of specific information may raise questions about the regulatory compliance and oversight of their operations.

Conclusion

While we have not found any negative information about Speed, there is also a general lack of information available. Due to the unresolved question of their licensing and their limited online presence, we rate them as Orange. Although their website lists a license number, it does not provide details about the type of license or the issuing regulatory authority.