Bottlepay is one of a small number of cryptoasset firms to have secured such approval and is the first Lightning Network payments company to have done so. The registration marks a milestone in the maturation of Bitcoin’s Lightning Network and will further the development of the financial infrastructure of the future.
“Our registration with the FCA is an achievement not just for Bottlepay, but for the Lightning Network,” said Bottlepay founder Pete Cheyne. “This registration goes to show that we can build the financial infrastructure of the future while upholding the regulatory and compliance standards of today.”