Lightning-solutions developer Zap raised $3.5 million

by in Blockchain News

Zap startup Bitcoin

The US startup Zap, as part of its investment round earlier this year, attracted $3.5 million in funding. The company disclosed relevant information in a report to the US Securities and Exchange Commission (SEC).

Related: Civil blockchain startup announces closure

The investment round was attended by Morgan Creek Digital, co-founded by Anthony Pompliano, and the Green Oaks Capital fund.

The startup will use the raised funds to expand its investor base and hire new employees.

Anthony Pompliano said they hope that the Zap team will continue to create services that simplify the use of BTC, while also contributing to its transformation into a global reserve currency.

Zap is developing a wallet based on the Lightning Network protocol, which reduces transaction confirmation time and fees.

One of the areas of application of his decision, startup founder Jack Mullers calls payment for the services of content creators.