{"id":24526,"date":"2024-03-26T21:04:49","date_gmt":"2024-03-26T21:04:49","guid":{"rendered":"https:\/\/bitcoins-101.com\/2024\/03\/26\/neutronpay-receives-1-5m-funding-to-expand-bitcoin-lightning-network-in-southeast-asia\/"},"modified":"2024-03-26T21:04:49","modified_gmt":"2024-03-26T21:04:49","slug":"neutronpay-receives-1-5m-funding-to-expand-bitcoin-lightning-network-in-southeast-asia","status":"publish","type":"post","link":"https:\/\/bitcoins-101.com\/2024\/03\/26\/neutronpay-receives-1-5m-funding-to-expand-bitcoin-lightning-network-in-southeast-asia\/","title":{"rendered":"Neutronpay Receives $1.5M Funding to Expand Bitcoin Lightning Network in Southeast Asia"},"content":{"rendered":"<p>Bitcoin Lightning Network company\u00a0<a href=\"https:\/\/neutronpay.com\/\">Neutronpay<\/a>\u00a0has secured a $1.5 million bridge funding round led by Axiom Capital, according to a press release sent to Bitcoin Magazine. This investment is to help Neutronpay bring instant and cost-effective payment solutions in Southeast Asia&#8217;s digital economy with Bitcoin.<\/p>\n<p>\u201cWe are delighted to continue to support Albert and the team as they prove out the utility of Lightning infrastructure in Southeast Asia,\u201d says Allen Farrington on behalf of Axiom. \u201cWe 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.\u201d<\/p>\n<p>Axiom Capital&#8217;s support reflects their confidence in Neutronpay&#8217;s ability to demonstrate what advantages the Lightning Network can bring to Southeast Asia, as this technology is expected to outshine traditional fiat banking rails for various payment categories.<\/p>\n<p>\u201cThis pivotal milestone marks a significant expansion of our operations across South East Asia and beyond, venturing into the dynamic markets of Northern\u00a0Asia,\u201d said Albert Buu, Founder &amp; CEO of Neutronpay. \u201cBy 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.\u201d<\/p>\n<p>Neutronpay also stated it recognizes the importance of cultural integration in Southeast Asia, so the company is taking an approach to extend beyond financial transactions and are aiming to align with the region&#8217;s cultural and economic narratives.\u00a0<\/p>","protected":false},"excerpt":{"rendered":"<p>Bitcoin Lightning Network company\u00a0Neutronpay\u00a0has secured a $1.5 million bridge funding round led by Axiom Capital, according to a press release sent to Bitcoin Magazine. This investment is to help Neutronpay bring instant and cost-effective payment solutions in Southeast Asia&#8217;s digital economy with Bitcoin. \u201cWe are delighted to continue to support Albert and the team as [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-24526","post","type-post","status-publish","format-standard","hentry","category-crypto-news"],"_links":{"self":[{"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/posts\/24526"}],"collection":[{"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/comments?post=24526"}],"version-history":[{"count":0,"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/posts\/24526\/revisions"}],"wp:attachment":[{"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/media?parent=24526"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/categories?post=24526"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/tags?post=24526"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}