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NYDIG Purchases UK Payments Startup Bottlepay for $300M in Stock
Bottlepay allows users to make micropayments and send funds via messages on Twitter, Reddit and Discord.
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NYDIG is purchasing British payments startup Bottlepay for between $280 million and $300 million in stock, the company confirmed Friday.
- The bitcoin investment firm closed the deal earlier this week. The Block first reported the news.
- U.K.-based Bottlepay is a global payments firm powered by the Lightning Network. Users can make micropayments of “as little as a penny” and send funds via messages on Twitter, Reddit and Discord.
- The company completed an 11 million euro ($15.4 million) funding round in February from investors, including Alan Howard, a British billionaire hedge fund manager, who is also the company’s largest shareholder.
- The Bottlepay round also included “present and former” Goldman Sachs partners and digital assets firm NYDIG.
Read more: Bottlepay, a Payments Startup That Lets You Send Bitcoin on Social Media, Raises $15M
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Gold firm Elemental Royalty to pay out dividends in Tether's tokenized gold
The company claimed the bragging right of being the first to let investors opt for dividend payments in a cryptocurrency, backed by gold.
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- Elemental Royalty is the first public gold firm to pay dividends in tokenized gold
- Shareholders can now elect to receive returns in Tether Gold (XAUT), a blockchain-based token backed by physical gold.
- Tokenized gold saw rapid growth over the past year amid rising retail demand for the yellow metal.
