NYDIG, a Bitcoin-focused financial service firm, announced the acquisition by Bottlepay, a payments app that leverages the Bitcoin Lightning Network. Bottlepay makes small and frequent payments possible for consumers and businesses in Europe. The financial terms of the deal were not disclosed.
In a joint declaration, Ross Stevens, the founder and executive chairman at NYDIG and Robert Gutmann (co-founders and CEOs of NYDIG), stated that they believe the next chapter in Bitcoin will be all about Bitcoin – big B – the network. “NYDIG’s mission is to bring bitcoin to everyone, and this acquisition takes us one step closer to that goal. We are thrilled to welcome Bottlepay into the NYDIG family.
Bottlepay, a U.K.-based platform that allows Europeans to transact BTC via Lightning over social media platforms. Users must mention the accounts of the payment company and the receiver. This platform was established in 2019 and allows users to instantly send euros and pound sterling without any fees.
Pete Cheyne, founder of Bottlepay, stated that he wanted to create the financial infrastructure for the future. “We believe that we have done it in a way which will revolutionize payments and make it more fair for all, from creators and small businesses to consumers. We are excited to join NYDIG, an industry leader who shares our vision of the future money.
NYDIG acquired Bottlepay to integrate its Lightning Network infrastructure into their full-stack Bitcoin platform. NYDIG offers tailored Bitcoin services to institutional investors and high net-worth individuals, including brokerage and financing.