11.01.2022 – 20:48
NEW YORK AND NEW CASTLE, ENGLAND, Jan. 28 / PRNewswire /
The registration is a milestone in the maturity of Bitcoin’s Lightning Network and will fuel the development of the financial infrastructure of the future
NYDIG, a leading bitcoin company, announced today that its subsidiary Bottlepay, a bitcoin-based global payments company, has been registered as a cryptoasset business by the UK’s Financial Conduct Authority (FCA). Bottlepay is one of the few cryptoasset companies that has one permit and thus the first such company in the Lightning Network.
FCA registration requires companies to demonstrate compliance with UK anti-money laundering and terrorist financing regulations. Companies trading in cryptoassets must register with the FCA in order to operate in the UK.
“Our registration with the FCA is a success not only for Bottlepay, but also for the Lightning Network,” said Bottlepay founder Pete Cheyne. and comply with compliance standards. “
By harnessing the power of the Bitcoin Lightning network, Bottlepay is building a global and open network for instant payments. With the Bottlepay app, consumers can make payments in Bitcoin, Pounds or Euros instantly and with no fees. Bottlepay also offers several integrations with some of the world’s largest social networks like Twitter and Discord. For businesses, Bottlepay’s infrastructure and APIs will soon be available to make the integration of instant Bitcoin payments seamless.
“We are incredibly proud of what the Bottlepay team has achieved,” said Yan Zhao, President of NYDIG. “Obtaining FCA approval is a landmark event and testament to NYDIG and Bottlepay’s commitment to compliance Regulations. Together with Bottlepay, we will continue to work hard to make the Bitcoin network accessible to everyone. “
NYDIG provides Bitcoin technology and financial services solutions for banks, insurance companies, companies and institutions. The company and its products meet the highest standards of regulation, auditing and governance in the industry. NYDIG has subsidiaries that hold both a BitLicense and a Limited Purpose Trust Charter from the New York State Department of Financial Services.
Bottlepay is available in the UK and across Europe. For more information please visit bottlepay.com.
[email protected] is a Bitcoin company that advocates greater integration in the economic system. The company provides technology and financial services to businesses in a variety of industries and has a comprehensive Bitcoin platform that meets the highest security, regulatory and operational standards. NYDIG is the gateway to a new era of financial products that make Bitcoin easier for everyone. Learn more at nydig.com or connect on LinkedIn and Twitter.
Bottlepay develops payment products based on the Bitcoin and Lightning networks so that consumers and businesses can take advantage of the open money system of the future. Bottlepay complies with UK anti money laundering regulations.
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Original content by: NYDIG, transmitted by news aktuell