NYDIG acquires Bitcoin micropayments firm Bottlepay
Former Goldman Sachs partner NYDIG partook in Bottlepay’s seed funding round in March 2021. Bitcoin (BTC) investment firm New York Digital Investment Group, or NYDIG, has announced the acquisition of United Kingdom-based micropayment service Bottlepay for an estimated fee between $280 million and $300 million.NYDIG previously participated in the company’s $15.4-million seed funding round in February, a raise that was led by British billionaire investor Alan Howard and saw the company valued in excess of $50 million.Utilizing the Bitcoin Lightning Network, Bottlepay’s mobile application....
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The institutional Bitcoin services company bought the European Lightning Network payments app for an undisclosed amount.
U.K.-based crypto payments provider Bottlepay has started offering services in other European countries. Users on the Old Continent will be able to send and receive even small amounts of euro and also buy, store and spend bitcoin with merchants accepting cryptocurrency. Bottlepay Promises Low-Cost Transactions in Euro and Bitcoin The Bottlepay app will allow Europeans to make instant cross-border payments using the Eurozone’s common fiat currency, the euro, as well as bitcoin (BTC). The startup, which launched its service in the U.K. earlier this year, promises to process these....
The acquisition bolsters NYDIG's data offerings as it continues to build out an institutional client base.
Users can send Bitcoin to and from their Twitter accounts following the launch of Bottlepay's disruptor payments app. Twitter users can now send Bitcoin (BTC) with a single tweet, after digital payments app Bottlepay launched its integrated Bitcoin social media feature. Transactions between Twitter users can now apparently take place using the simple tweet template “@bottlepay send 1,000 sats to @twitteruser.” The command can be executed from directly within the Twitter app, and the Bitcoin is transferred from one user to another automatically.Bottlepay describes itself as a global....
The company stated its goal is to enable access to Bitcoin financial services for everyday individuals. On Tuesday, New York Digital Investment Group, or NYDIG, a financial institution specializing in Bitcoin financial services such as savings accounts, trading brokerages, 401(k)s, etc., announced it had secured a $1 billion equity investment led by WestCap. The funding places its valuation at nearly $7 billion.The firm has proved to be popular among institutional investors. Last year, Stone Ridge, a $10 billion asset manager, purchased 10,000 Bitcoin (BTC) via NYDIG's services. NYDIG is....