Bottlepay, a business in UK for crypto transactions, has received £ 11 million ($ 15 million) in seed funding round.

Shareholders in the round comprise fund manager Alan Howard, FinTech Collective venture capitalist and NYDIG financial services company, and also existing and ex Goldman Sachs associates. Also among the sponsors is technology pioneer Phil Doye.

The seed phase continues the introduction previously in the month of the Bottlepay service in the United Kingdom.

The organization stated it would use the money to attract additional team members with an emphasis on improving the features of the platform. Other strategies cover the service’s regional extension.

Mark Webster, CEO of Bottlepay, stated that, “The payments ecosystem is undergoing monumental changes as we move towards a cashless society. Today’s consumer wants to be able to transact freely and easily, without the restrictions of a traditional bank,”

Приложение Bottle Pay закрывается из-за закона ЕС • Happycoin news

Bottlepay will indeed expect to overlook some sour past memories with this venture, when the firm agreed in December 2019 to close down its operation instead of being immune to the latest European legislation which has a target at countering money laundering (AMLD5).

Bottlepay revealed last summer that it will restart the app with new features for immediate transaction in traditional currency and Bitcoin. The firm is part of the Innovation Hub of the UK Financial Conduct Authority.

The Bottlepay service is accessible on both iOS and Android as an essential digital currency wallet and is integrated with social media sites like Twitter, Discord, and Reddit, allowing you give money to someone via their social media. It enables users both on-chain and on the Lightning Network to keep and transferring Bitcoin, which is a second-layer scaling remedy on top of the Bitcoin network.

The firm claims that its open transaction system that enables Bitcoin will enable individuals in any where of the globe to promptly send, use and collect money. Assistance from the Lightning Network also indicates that consumers can make micropayments and donate as little as a single penny.


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