Bitcoin Lightning Network company Neutronpay has secured a $1.5 million bridge funding round led by Axiom Capital, according to a press release sent to Bitcoin Magazine. This investment aims to help Neutronpay provide instant and cost-effective payment solutions in the Southeast Asian digital economy using Bitcoin.
“We are pleased to continue to support Albert and the team as they prove the utility of Lightning infrastructure in Southeast Asia,” says Allen Farrington on behalf of Axiom. “We expect to see a continued normalization of the Lightning Network’s superiority over traditional banking paths for a range of payment categories and are thrilled to support Neutronpay as one of the leaders at the forefront of this technology.”
Axiom Capital's support reflects their confidence in NeutronPay's ability to demonstrate the benefits that the accelerator network can bring to Southeast Asia, where this technology is expected to outperform traditional banking rails for various payment categories.
“This pivotal milestone represents a significant expansion of our operations throughout Southeast Asia and beyond, entering the dynamic markets of North Asia,” said Albert Bo, Founder and CEO of NeutronPay. “By leveraging the unparalleled capabilities of the accelerator network, we are not only promoting faster and more efficient transactions, but we are also opening up new possibilities in the digital economy.”
Neutronpay also stated that it recognizes the importance of cultural integration in Southeast Asia, so the company takes an approach that extends beyond financial transactions and aims to align with the region's cultural and economic narratives.
