Bitcoin Lightning Network company Neutronpay According to a release to Bitcoin Magazine, Axiom has led a bridge financing round of $1.5 million. The investment will help Neutronpay provide instant payment solutions for Southeast Asia’s digital economy using Bitcoin.
“We are delighted to continue to support Albert and the team as they prove out the utility of Lightning infrastructure in Southeast Asia,” Allen Farrington, speaking on behalf of Axiom. “We expect to see a continued normalization of the superiority of the Lightning Network over legacy fiat banking rails for a range of payment categories and are happy to back Neutronpay as one of the foremost companies at the cutting edge of this technology.”
Axiom capital’s commitment reflects the confidence they have in Neutronpay to show Southeast Asia what benefits Lightning Network technology can offer. This is because this technology should be superior to traditional fiat rails, which are used for many payment categories.
“This pivotal milestone marks a significant expansion of our operations across South East Asia and beyond, venturing into the dynamic markets of Northern Asia,” said Albert Buu, Founder & CEO of Neutronpay. “By leveraging the unparalleled potential of the Lightning Network, we are not just fostering faster and more efficient transactions, but also unlocking new possibilities in the digital economy.”
Neutronpay has also said that it understands the importance cultural integration of Southeast Asia and is therefore taking a approach to expand beyond. financial The transactions are aligned with regional cultural and economic narratives.
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Source: bitcoinmagazine.com