Company Name: KnC Group AB
Incorporation year: 2013
Company and Industry in brief: The company processes Bitcoin transactions at one of the lowest cost levels in the industry.
Bitcoin is a peer-to-peer payment system based on an open-source software enabling payments without an intermediary. Transactions are verified by Bitcoin miners and recorded in a public ledger called the blockchain. For this service, Bitcoin miners, like KnC, earn Bitcoin currency rewards and transaction fees.