Vancouver, 25 March – In a significant boost to Bitcoin’s Lightning Network infrastructure in Southeast Asia, Neutronpay has announced the completion of a $1.5 million bridge funding round, led by Axiom Capital. This strategic infusion of capital is set to propel Neutronpay’s mission of delivering instant and low-cost payment solutions across the region, reinforcing its commitment to fostering an inclusive digital economy.
Allen Farrington stated on behalf of Axiom:
“We are delighted to continue to support Albert and the team as they prove out the utility of Lightning infrastructure in Southeast Asia. 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.”
This round of funding is an underscoring to the company’s commitment to expanding its footprint in Southeast Asia. By capitalizing on the unique advantages of the Lightning Network, Neutronpay is poised to offer a compelling alternative for businesses and consumers alike, eager for more efficient ways to engage with the global digital economy. Businesses can leverage this solution via an API, while consumers can use Neutronpay’s mobile app.
Albert Buu Founder & CEO of Neutronpay stated:
“This pivotal milestone marks a significant expansion of our operations across South East Asia and beyond, venturing into the dynamic markets of Northern Asia. At Neutronpay, our commitment has always been to revolutionize the way businesses and individuals engage with Bitcoin and digital payments. 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.
As the premier provider of Lightning Network services, this raise is a testament to our unwavering dedication to innovation, reliability, and customer-centric solutions. We are on an exhilarating journey to reshape the future of payments in Asia, and beyond, and we are immensely grateful for the trust and support of our partners, investors, and users as we continue to chart this path of groundbreaking achievements”
Neutronpay‘s collaboration with industry-leading businesses and custodial services underlines its dedication to innovation in payment processing. These alliances are instrumental in advancing Neutronpay’s mission to enhance the accessibility and efficiency of digital payments on a global scale.
At the heart of Neutronpay is not just technological innovation but a deep-seated respect and understanding for the cultural fabric of Southeast Asia. The company’s approach goes beyond mere financial transactions, aiming to weave itself into the cultural and economic narratives of the region. This cultural synergy is pivotal, as Neutronpay recognizes the unique relationship between technology adoption and cultural values in Southeast Asia.
