NYDIG Acquires Bitcoin Lightning Payments App Bottlepay
- NYDIG has acquired Lightning Network funds app Bottlepay to combine the Bitcoin second-layer to its platform.
- “We believe that the next chapter of Bitcoin will be about Bitcoin – big B – the network,” NYDIG stated.
- The monetary phrases of the deal weren’t disclosed.
Bitcoin-focused monetary companies agency NYDIG introduced the acquisition of funds app Bottlepay, which leverages the Bitcoin Lightning Network to make small and frequent funds possible for companies and customers in Europe. The deal’s monetary phrases weren’t disclosed.
“We believe that the next chapter of Bitcoin will be about Bitcoin – big B – the network,” stated Ross Stevens, founder and govt chairman of NYDIG, and Robert Gutmann, co-founder and CEO of NYDIG, in a joint assertion. “NYDIG is on a mission to bring bitcoin to all, and this acquisition brings us one step closer to fulfilling that goal. We are excited to welcome Bottlepay to the NYDIG team.”
U.Ok.-based Bottlepay permits European customers to transact BTC by way of Lightning on social media platforms by mentioning the accounts of the funds firm and the receiver. The platform, established in 2019, additionally permits customers to ship different currencies like pound sterling and euros immediately and with out charges.
“When we set out to build Bottlepay, we wanted to unlock the financial infrastructure of the future,” stated Bottlepay founder Pete Cheyne. “We believe we’ve done so in a way that will revolutionize the payments industry and make it more equitable for everyone from small businesses and creators to end consumers. We’re excited to be joining an industry leader like NYDIG who shares our vision for the future of money.”
Through the acquisition of Bottlepay, NYDIG will combine the app’s Lightning Network infrastructure into its full-stack Bitcoin platform. NYDIG offers institutional buyers and high-net-worth people with tailor-made Bitcoin companies, together with asset administration, brokerage, and financing.