Crypto Payroll Service Bitwage to Lunch ICO Advisory Firm

Bitwage, started in 2011 as a Bitcoin payroll and payment service, has now established an ICO advisory firm Inwage after recognizing the importance of ICOs
31 May 2018   2138

The firm is going to suggest technical services and marketing services such as smart contract development and auditing and website creation as well as PR and event marketing. It overcame the initial fundraising target of the first customer, Moria Token, by 40%, raising $50 million in the ICO for the project that is aimed to provide an investment platform for the mining of precious metals as well as aiding with IT and security compliance.

While ICOs provide a unique opportunity for companies to raise money from a wide range of individuals and entities around the globe, it is often seen as a complex, expensive and risky process. Having launched Bitwage back in 2014, Inwage leverages our experience in Blockchain to build a highly secure turnkey solution for companies of all sizes to launch ICOs.
Bitwage
Crytpo Payroll Company (in their blogpost)

Bitwage ran a second service together with the Inwage company called Ether Inputs, citing the inability of definite companies running ICOs to obtain bank account for paying the workers. The firm suggests bitcoin and now ethereum as payroll funding options, with employees being able to select to gain a part of the wage in local currency as well through Bitwage and Ether Inputs.

Aragon and Status are 2 startups that have already been applying the service since the start of 2018 following the soft launch in January. So, the field of ICOs and crpyto regulation can be difficult for startup firms, and the Inwage is the latest in a series of new advisory companies standing by to guide new projects. 

Lightning Labs to Raise $10M

As reported, the raised funds will be allocated to enforce the team with developers and commercial speciaslists
06 February 2020   254

Lightning Labs attracted $ 10 million investment during the A-series financing round, and also introduced a beta version of its payment service for outlets that work with bitcoin.

If bitcoin is going to reach its potential as a viable global currency, it’s going to need to scale beyond the base layer. Similar to how Visa relieves banks from handling all fiat currency traffic, Lightning relieves the base bitcoin chain from handing all transactions, thus bring more speed and fee efficiency to the network.

 

Brian Murray

Managing Director at Craft Ventures

With the help of the raised funds, the company intends to hire more developers and commercial specialists, so that it will be able to convey the applied solutions to users. In 2018, Lightning Labs unveiled a beta version of its LND scaling solution and received $ 2.5 million investment from several investors, including Twitter CEO Jack Dorsey and Litecoin creator Charlie Lee.

Now a beta version of the new Lightning Loop service has been launched, with the help of which outlets can more effectively manage payment channels and maintain liquidity in them. Several customers have already become interested in this tool, including the developer of the Fold shopping application, which processed approximately 1,600 transactions through the Lightning Network during the holidays in 2019.

We’re growing fast and Lightning Labs’ loop service makes it simple to manage our lightning node’s liquidity, letting our team focus on building out great user experiences that bring lightning to the world.

 

Will Reeves

Fold

According to Lightning Labs, this year the company will be developing tools for working with larger payment channels. We are talking about both individual channels, which individually can hold more than $ 1,500, and multidirectional ones, which break down payments into smaller parts.