Bitcoin Lightning company River raises $35M amid ‘new wave of institutional adoption’

“The San Francisco-based business manages one of the biggest Bitcoin lightning nodes, managing and enabling payments liquidity for the Bitcoin Lightning Network. The service has currently taken charge of one of the crucial gamers in the Bitcoin payments landscape; El Salvadors Chivo wallet use River for near-instant and near-free Bitcoin payments.River was an early adopter of the Lightning Network, comparable to global crypto exchanges consisting of Bitfinex and Kraken. In light of the surge in mainchain deal fees due to meme coin mania, more and more exchanges and crypto business may turn to the Lightning Network as a solution.Related: The state of the Bitcoin Lightning Network in 2023River signs up with a burgeoning list of Bitcoin business making raises during the bear market.

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“The San Francisco-based company manages one of the largest Bitcoin lightning nodes, handling and allowing payments liquidity for the Bitcoin Lightning Network. The service has actually currently taken charge of one of the crucial gamers in the Bitcoin payments landscape; El Salvadors Chivo wallet usage River for near-free and near-instant Bitcoin payments.River was an early adopter of the Lightning Network, comparable to global crypto exchanges including Bitfinex and Kraken. In light of the rise in mainchain transaction charges due to meme coin mania, more and more exchanges and crypto business may turn to the Lightning Network as a solution.Related: The state of the Bitcoin Lightning Network in 2023River joins a burgeoning list of Bitcoin business making raises throughout the bear market.