Odaily Frontline | Bitcoin payment startup BottlePay received $15 million in seed round financing
This article comes fromDecrypt, original author: Andrew Asmakov
Odaily Translator | Nian Yin Si Tang
Summary:
This article comes from
, original author: Andrew Asmakov
Odaily Translator | Nian Yin Si Tang
secondary title
Summary:
- Bottlepay has raised $15 million in seed funding.
- The company plans to hire more employees and expand its geographical coverage.- Bottlepay supports the Bitcoin Lightning Network and works with popular social media platforms.UK-based crypto payments startup Bottlepay has raised £11 million ($15 million) in seed funding.
Participants in the round include fund manager Alan Howard, venture capital firm FinTech Collective and financial services firm NYDIG, as well as current and former partners at Goldman Sachs. Tech entrepreneur Phil Doye is also among the supporters.
Bottlepay said it will use the funding to hire new team members to focus on developing the platform's features. Other plans include expanding the geographic reach of the service.February 11,Bottlepay launches service in the UK
, allowing UK users to send bitcoins to other people on social media. The app acts like a basic bitcoin wallet, allowing you to store bitcoin on-chain and on the Lightning Network. You can also trade GBP and Bitcoin in the app. But the point is to make it smoother to send bitcoins to other people via social media.“As we move towards a cashless society, the payments ecosystem is changing dramatically. Consumers today expect the freedom and ease of transacting without the constraints of traditional banks,” said Mark Webster, CEO of Bottlepay.With this investment, Bottlepay also hopes to unlearn some of its painful memories. Since the European Anti-Money Laundering Directive (AMLD5) regulations have come into effect on January 10, 2020 local time in Europe. Cryptocurrency projects in EU countries must implement corresponding KYC procedures in order to achieve Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT). The decree has affected many cryptocurrency projects. Three cryptocurrency projects, including Bottlepay, have been shut down due to their reluctance to collect additional personal information.
cease operations
, Deribit, a cryptocurrency derivatives trading platform based in the Netherlands, announced that it will withdraw from the Netherlands and transfer to its subsidiary in Panama. There are also projects actively embracing the decree. For example, Bitpanda, an established cryptocurrency investment platform in Europe, stated in an email to users that it has fully complied with the requirements of AMLD5.
last summer,
