The New York Digital Investment Group (NYDIG), has announced it has acquired Bottlepay, a bitcoin-focused payments application. According to a press release, financial terms of the deal were not disclosed. Prior to the acquisition, NYDIG invested in Bottlepay during the company's seed funding round.
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"We believe we have done so in a way that will revolutionize the payments industry and make it more equitable for everyone from small businesses and creators to end consumers," said Bottlepay founder, Pete Cheyne.
NYDIG hopes that the acquisition will simplify the integration of Bottlepay's Lightning Network infrastructure into its existing full-stack bitcoin platform. The deal comes shortly after NYDIG signed a partnership with Q2, a provider of fintech solutions to allow Five Star Bank and UNIFY Financial Credit Union to accept bitcoin (EXANTE: Bitcoin).
The turnover of the cryptocurrency will be implemented through NYDIG's full-stack platform. Patrick Sells, NYDIG's CIO, says the company sees the real opportunity for financial institutions in the cryptocurrency market.
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