NYDIG acquires Bottlepay to bring Bitcoin network to more people – CryptoMode

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Acquisitions aren’t unusual in the cryptocurrency space, although they’re not too common either. For example, Bottlepay, a social media-focused micropayment app built on Bitcoin’s Lightning Network, was acquired by NYDIG. An exciting development that may change the public’s perception of Bitcoin for the better.

NYDIG sees merit in Bottlepay

  • Fans of Lightning Network technology may be familiar with Payment by the bottle.
  • The app leverages the LN to facilitate social payments, streaming, and micropayments via real-time money transfers.
  • Most importantly, Bottlepay supports both Bitcoin and traditional currencies.
  • Bottlepay’s technology is interoperable with any social media platform, making it easy to integrate.
  • The team raised more than $ 12 million in seed funding in February 2021
  • One of those investors was NYDIG, the company that has now fully acquired Bottlepay.
  • Other Bottlepay investors include Alan Howard, Fintech Collective, and current and former partners of Goldman Sachs.
  • Following the acquisition, NYDIG will integrate Bottlepay’s Lightning Network technology into its full stack Bitcoin platforms.
  • With this integration, financial institutions can start offering crypto payments to retail customers.
  • Bitcoin is gaining momentum globally, although mainstream adoption is still out of reach.
  • NYDIG is confident that Bitcoin – as in the Bitcoin network – will play a leading role in the next evolution of financial products and services.
  • BottlePay’s infrastructure for Lightning and BTC payments can pave the way for more use cases and wider adoption.
  • Most importantly, this Bottlepay tech stack is regulatory compliant, which is in line with NYDIG’s vision.
  • It is not known how much NYDIG is paying for the acquisition and whether any Bottlepay staff are part of this deal.

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JP Buntinx has been writing about cryptocurrency since 2012. His interest in crypto, blockchain, fintech, and finance allows him to cover a wide range of different topics.


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