Business

Bitcoin Beach Wallet Creator Raises $3 Million

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Bitcoin Beach wallet creator in El Salvador has raised $3 million in a new seed round, the company speak in a statement on Wednesday. Galoy, a Bitcoin banking software developer, has been working closely with the Bitcoin Beach community to help them use BTC as money for everyday transactions, empowered by the Lightning Network.

“The Galoy suite of solutions enables any community, company or government to provide banking services using Bitcoin and Lightning,” according to the statement.

Kingsway Capital, Trammel Venture Partners and Balaji Srinivasan have joined the company in its mission to accelerate Lightning adoption through the company’s open source Bitcoin banking platform.

https://bitcoinmagazine.com/business/bitcoin-beach-wallet-creator-raises-3-million Bitcoin Beach Wallet Creator Raises $3 Million

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