A North East start-up looking to bring Bitcoin payments into the mainstream has raised 拢11 million听seed funding.听
Bottlepay,听based at听Hoults鈥� Yard in Newcastle, is an app set up by听Partnerize听co-founder Pete Cheyne听which allows people to send and buy a variety of currencies via social media.听
Built on the Lightning Network,听it听aims to facilitate social, streaming and micropayments by offering real-time funds transfer in听Bitcoin and conventional currencies and integration with popular platforms such as Twitter, Reddit and Discord.听
Using听叠辞迟迟濒别辫补测鈥檚听system, any purchase that is immediately fulfilled 鈥� from coffees to digital content 鈥� can be made from anywhere in the world with instant payments using conventional currencies or Bitcoin.听
Bottlepay听users can buy, store, send and withdraw Bitcoin with a single slide, unlike other digital payment platforms like PayPal and听Revolut, whose users cannot currently spend or withdraw their Bitcoin.听
/6-quick-tips-on-making-your-first-hire-as-a-tech-start-up/
The product gained over 20,000 users for a beta version of the app with no marketing after being rated as the number one Crunchbase Bitcoin start-up globally.听
Participants in the seed funding round included British fund manager Alan Howard, present and former Goldman Sachs partners, FinTech Collective and Nydig.听
鈥淲hile nearly 65 million people own Bitcoin globally, only a small fraction of that number actually听transact听daily, meaning we鈥檝e only just begun to scratch the surface on the broader payment use cases for Bitcoin as an open-source money network,鈥� said听Sean Lippel, principal and head of digital assets at FinTech Collective, said.听
鈥淲e believe听叠辞迟迟濒别辫补测鈥檚听elegant and intuitive consumer interface, built strategically on top of the power of the Lightning Network, will unlock social, streaming, and micropayments for digital assets.听听
鈥淲e were attracted to the team鈥檚 unique combination of technical and design talent, bound together with a laser-focus on privacy and regulatory compliance.鈥�听
/linkedin-for-music-launches-base-in-uk/
Bottlepay, which听trebled its headcount last year,听aims to grow by a further 60% this year听and also听increase the geographical reach of the service.听
CEO听Mark Webster听said:听鈥�Raising 拢11m and reaching a post-money valuation of 拢51m is a testament to the scale of听叠辞迟迟濒别辫补测鈥檚听ambition, and an illustration of the effort and resources invested to build and design a revolutionary payments infrastructure of this magnitude.听
鈥�The payments ecosystem is undergoing monumental changes as we move towards a cashless society. Today鈥檚 consumer wants to be able to transact freely and easily, without the restrictions of a traditional bank.听听
鈥�We believe that with this cash injection, we can build a leading company in this rapidly growing space which will allow people to send,听spend听and receive payments in a way that works best for them.鈥�听
Cryptocurrency