Vietnam’s premier Bitcoin Exchange Service BitcoinVN confirmed to lead the initial Seed Funding Round into Vietnam’s leading Lightning Service Provider Neutronpay.
BitcoinVN is taking a 10% stake in Neutronpay in exchange for an undisclosed amount.
BitcoinVN launched in 2013/14 Vietnam’s very first Bitcoin Exchange and has since then expanded its services and group activities into Bitcoin ATM’s, Remittances, Trading Platform, Online Shop as well as operating one of the country’s largest OTC trade desks.
BitcoinVN Co-Founder Dominik Weil:
“If one likes it or not, doesn’t matter:
The reality is that Bitcoin is moving very fast to become the equivalent of a new World Reserve Asset.
It is to be expected that within 2021 normal retail users won’t be able to afford regular on chain transactions on the Bitcoin Blockchain anymore.
At the same time we see tremendous progress made in the upper layers of Bitcoin – which is where the majority of actual transactions will take place in due time.
Especially the Lightning Network – while still in comparatively early stage – has matured massively in terms of tools, network topography, standardization and integration across the network which makes it for us the right time to invest.
The trend is undoubtedly established – and the risk/reward ratio is looking attractive to us.
We see it as a strategic investment which will allow us besides closer cooperation & integration with the Neutronpay team & its technology to roll out more Lightning-Network-powered services to our user base in due time.”
Neutronpay Founder Albert Buu:
“BitcoinVN’s mission and vision aligns with what we’re trying to accomplish in this industry. A Bitcoin ecosystem we believe will be the next phase of the technology cycle. By enabling the circular economy for businesses globally to transact with each other seamless, frictionless and effortlessly using the second layer solution Bitcoin Lightning network to settle payments instantly. We see an unprecedented opportunity for business owners to start accepting Bitcoin payments in South East Asia, and we want to be at the forefront for allowing businesses to jump onboard with ease. This investment from BitcoinVN will assist in accelerating this vision.”
Neutronpay is a digital payments platform that provides online businesses the power to accept crypto currencies in minutes – primary support for Bitcoin Lightning and Stablecoins. Giving all the benefits you can’t with traditional payment methods.
Read more: Why we invested into Neutronpay