London-listed company Pri0r1ty raises £750,000 to expand Bitcoin Lightning Network liquidity
ChainCatcher news, London-listed company Pri0r1ty Intelligence Group PLC announced the successful raising of $1 million (approximately £750,000) to expand the Bitcoin liquidity of its Lightning Network routing nodes. According to the company's approved Bitcoin financial management policy, these funds will be used to increase the Bitcoin liquidity of the Lightning Network to at least 5 Bitcoins (approximately 500 million satoshis) to accelerate network growth.The Lightning Network aims to provide users with nearly instant and very low-cost Bitcoin transaction services. This expansion will further support Pri0r1ty's scalable development of commercial Bitcoin trading.