Nordic bitcoin broker to take a lead in Europe

Finnish bitcoin broker Prasos is looking to get a leading position in Europe and reach €16m revenue in the next three years
24 November 2017   1198

The first stage of the public round started on the 9 November. In seven days the company raised 35% of the minimum target. Now the round has been launched to public participation.

We also want to further develop our investment services to regular investors that want to diversify their investment portfolios into cryptocurrencies.

 

Henry Brade

CEO and co-founder, Prasos

According to company, cryptocurrency-based investment products have been created, but the market is still at an early stage and the current exchange and investment services are not sufficiently mature.

The news comes with CME group plans to launch Bitcoin futures during the fourth quarter of 2017, what could make it easier for stock trades to invest in the decentralized cryptocurrency.

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   307

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.