The New York Digital Investment Group (NYDIG), a platform focused on institutional players, has acquired the British bitcoin-payments provider BottlePay.
It’s official. Bottlepay is now part of the @NYDIG_BTC family. Together, we will extend NYDIG’s full-stack #bitcoin platform with our world-class infrastructure for bitcoin lightning payments to build a new era of financial products that make bitcoin more accessible for all. https://t.co/qJp9xP18AX
— Bottlepay (@bottlepay) November 1, 2021
The parties did not disclose financial details of the deal. Earlier in March, The Block, citing sources, reported that the purchase price ranged from $280 million to $300 million.
In BottlePay we set out to level the playing field. With NYDIG’s support, that dream becomes achievable. By joining NYDIG, we will bring the transformative power of Bitcoin and the Lightning Network to the world.
— said Malcolm Cowley, head of BottlePay.
Founded in 2019, the BottlePay app was built using a Lightning Network scaling solution. Later that year, the project was shuttered following the entry into force of the European Union’s Fifth Anti-Money Laundering Directive.
In February 2021, BottlePay attracted $15.5 million in a seed financing round with the participation of billionaire Alan Howard and partners from investment bank Goldman Sachs and NYDIG.
Earlier in March, the developers of the service announced the exit from beta mode and the launch of the ability to send payments, tips and donations in the first cryptocurrency.
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