NYDIG acquires Bitcoin Bottlepay payment app

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NYDIG, a bitcoin-focused technology and financial services provider, announced Monday, November 1, its acquisition of the real-time bitcoin payment app Bottlepay for an undisclosed amount after previously investing in the company during its cycle of start-up.

Bottlepay used Bitcoin’s Lightning Network to enable the growth of global micropayments via bitcoin, pounds, euros, and other currencies across Europe and the UK without exorbitant fees, finding an answer to what founder Pete Cheyne called “finance’s biggest unresolved problem”.

“When we set out to build Bottlepay, we wanted to unlock the financial infrastructure of the future,” Cheyne said in the company’s announcement. “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,” he said.

NYDIG will integrate the infrastructure of the Lightning Network into its full-stack Bitcoin platform.

“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.

“The Bottlepay team has built a world-class infrastructure for Lightning and Bitcoin payments, and it has done so with the same level of regulatory rigor and compliance that our customers expect from NYDIG today,” they said. declared. “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.

Related: FIS Partners With NYDIG To Authorize Bitcoin Purchases From Bank Accounts

NYDIG also oversees a bitcoin transaction management platform under a May deal with FinTech firm FIS, which also invested an undisclosed amount in NYDIG.

Last year, FIS and NYDIG partnered with Quontic Bank of New York to make Quontic the first FDIC-insured financial institution to offer a debit card with bitcoin rewards.

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NEW PYMNTS DATA: 2021 HOLIDAY SHOPPING PERSPECTIVES

By the way: It’s almost time for the holiday shopping season, and nearly 90% of U.S. consumers plan to do at least some of their purchases online – 13% more than in 2020. On the 2021 Holiday Shopping Outlook, PYMNTS surveyed over 3,600 consumers. to find out what drives online sales this holiday season and the impact of product availability and personalized rewards on merchant preferences.

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