{"id":36960,"date":"2021-02-24T14:31:46","date_gmt":"2021-02-24T12:31:46","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=36960"},"modified":"2025-08-29T09:01:09","modified_gmt":"2025-08-29T06:01:09","slug":"alan-howard-and-nydig-back-bottlepays-micro-payments-service-in-a-15-5-million-seed-round","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/alan-howard-and-nydig-back-bottlepays-micro-payments-service-in-a-15-5-million-seed-round\/","title":{"rendered":"Alan Howard and NYDIG back Bottlepay&#8217;s micro-payments service in a $15.5 million seed round"},"content":{"rendered":"<p>The Bottlepay <a href=\\\"https:\/\/bottlepay.com\/blog\/global-payments-disruptor-bottlepay-raises-15-million\\\" target=\\\"_blank\\\" rel=\\\"noopener\\\">attracted<\/a> \u00a311 million (~$15.5 million) in a seed round. Participants included billionaire Alan Howard, partners at the Goldman Sachs investment bank, venture firm FinTech Collective, and crypto platform NYDIG.<\/p>\n<p><span style=\\\"font-weight: 400;\\\">The funding will be used to expand the team, develop the service&#8217;s functionality, and enter new markets.<\/span><\/p>\n<blockquote>\n<p><i><span style=\\\"font-weight: 400;\\\">\u201cThe \u00a311 million raise and a \u00a351 million valuation speak to the scale of Bottlepay&#8217;s ambitions, capable of revolutionising payment solutions,\u201d<\/span><\/i><span style=\\\"font-weight: 400;\\\"> \u2014<\/span><span style=\\\"font-weight: 400;\\\"> said Mark Webster, Bottlepay&#8217;s chief executive.<\/span><\/p>\n<\/blockquote>\n<p><span style=\\\"font-weight: 400;\\\">The relaunched Bottlepay app, on February 10, enables international micro-transfers, tips and donations in bitcoins and fiat currencies in real time at the cost of a few pennies.<\/span><\/p>\n<p><span style=\\\"font-weight: 400;\\\">The functionality also enables \u201csocial payments\u201d via messages on Twitter, Reddit, Discord. The app is built using a scaling solution for the Lightning Network.<\/span><\/p>\n<blockquote class=\\\"wp-embedded-content\\\" data-secret=\\\"jiIi5Qdebm\\\">\n<p>Lightning Network: fast and cheap Bitcoin transactions<\/p>\n<\/blockquote>\n<p><iframe loading=\\\"lazy\\\" class=\\\"wp-embedded-content\\\" sandbox=\\\"allow-scripts\\\" security=\\\"restricted\\\" style=\\\"position: absolute; visibility: hidden;\\\" title=\\\"Lightning Network: fast and cheap Bitcoin transactions \u2014 ForkLog\\\" src=\\\"https:\/\/u1f987.com\/cryptorium\/chto-takoe-lightning-network-rukovodstvo-dlya-nachinayushhih\/embed#?secret=boZ0nXqA91#?secret=jiIi5Qdebm\\\" data-secret=\\\"jiIi5Qdebm\\\" width=\\\"500\\\" height=\\\"282\\\" frameborder=\\\"0\\\" marginwidth=\\\"0\\\" marginheight=\\\"0\\\" scrolling=\\\"no\\\"><\/iframe><\/p>\n<p><span style=\\\"font-weight: 400;\\\">Bottlepay users can buy, hold, send and withdraw bitcoins with a single tap. Other digital payment platforms such as PayPal and Revolut do not currently allow using Bitcoin in payments.<\/span><\/p>\n<blockquote>\n<p><i><span style=\\\"font-weight: 400;\\\">\u201cThere are 65 million people in the world who own Bitcoin, but only a small portion actually makes daily transactions. We are at the beginning. A convenient and intuitive Bottlepay interface will open social networks, streaming, and micropayments for cryptocurrencies,\u201d<\/span><\/i><span style=\\\"font-weight: 400;\\\"> \u2014<\/span> <span style=\\\"font-weight: 400;\\\">said Shon Lipppel, head of the digital assets at FinTech Collective<\/span><\/p>\n<\/blockquote>\n<p><span style=\\\"font-weight: 400;\\\">Earlier, U.S. Treasury Secretary Janet Yellen said that <a href=\"https:\/\/u1f987.com\/en\/news\/u-s-treasury-secretary-janet-yellen-calls-bitcoin-a-speculative-asset\">bitcoin is not efficient for transactions<\/a>.<\/span><\/p>\n<p><span style=\\\"font-weight: 400;\\\">In July 2020, Bottlepay developers promised to release a beta version of an improved app. In late 2019 they announced its closure following the entry into force of the European Union\u2019s Fifth Anti-Money Laundering Directive.<\/span><\/p>\n<p>Subscribe to ForkLog news on <a href=\\\"https:\/\/twitter.com\/ForkLog\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener\\\">Twitter<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Bottlepay bitcoin payments service attracted \u00a311 million (~$15.5 million) in a seed round. Participants included billionaire Alan Howard, partners at the Goldman Sachs investment bank, the FinTech Collective venture firm and NYDIG. The funding will go toward expanding the team, developing the service\u2019s functionality, and entering new markets. \u201cThe \u00a311 million raise and a \u00a351 million valuation speak to the scale of Bottlepay\u2019s ambitions, capable of revolutionising payment solutions,\u201d said Mark Webster, Bottlepay\u2019s chief executive.<\/p>\n","protected":false},"author":1,"featured_media":36961,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1198,325,465,1133],"class_list":["post-36960","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-crypto-payments","tag-lightning-network","tag-social-media","tag-venture-investments"],"aioseo_notices":[],"amp_enabled":true,"views":"18","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/36960","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=36960"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/36960\/revisions"}],"predecessor-version":[{"id":36962,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/36960\/revisions\/36962"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/36961"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=36960"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=36960"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=36960"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}