NYDIG acquires Bitcoin Lightning Bottlepay payment app

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NYDIG has acquired the Lightning Network Bottlepay payment app to integrate Bitcoin’s second layer into its platform. “We believe Bitcoin’s next chapter will be Bitcoin – big B – the network,” NYDIG said. not disclosed.

Bitcoin-focused financial services firm NYDIG has announced the acquisition of the Bottlepay payment app, which leverages the Bitcoin Lightning network to make small and frequent payments feasible for businesses and consumers in Europe. Financial terms of the deal were not disclosed.

“We believe the next chapter of Bitcoin will be on Bitcoin – big B – the network,” said Ross Stevens, Founder and Executive Chairman of NYDIG, and Robert Gutmann, Co-Founder and CEO of NYDIG, in a joint statement. “NYDIG’s mission is to bring bitcoin to everyone, and this acquisition brings us one step closer to achieving that goal. We are delighted to welcome Bottlepay to the NYDIG team.”

Based in the UK, Bottlepay allows European users to make BTC transactions through Lightning on social media platforms by mentioning the accounts of the payment company and the recipient. The platform, created in 2019, also allows users to send other currencies like British Pound and Euro instantly and at no cost.

“When we set out to build Bottlepay, we wanted to unlock the financial infrastructure of the future,” said Pete Cheyne, founder of Bottlepay. “We believe we’ve done it in a way that will revolutionize the payments industry and make it fairer for everyone, from small businesses and creators to end consumers. We are thrilled to join an industry leader like NYDIG who shares our vision for the future of money. “

Through the acquisition of Bottlepay, NYDIG will integrate the app’s Lightning Network infrastructure into its full-stack Bitcoin platform. NYDIG provides tailored Bitcoin services to institutional investors and high net worth individuals, including asset management, brokerage and financing.

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