Payment startup Bottlepay has received approval from the UK authority FCA to offer a crypto-asset service.
Bottlepay, a payments startup owned by NYDIG that provides Bitcoin services to corporate companies, has received approval from the FCA. According to the report, the company has the title of Lightning network-based company, which has received approval from the FCA.
The company, located in Newcastle, England, was acquired by New York-based NYDIG for approximately $300 million in stock last October. Bottleplay allows users to make small payments using messages from Twitter, Reddit and Discord.
When a company is approved by the FCA, it means it meets anti-money laundering and anti-terrorist financing regulations. The agency required all companies to obtain approval by January 2021.