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News Explorer — Fedi Raises $17M in a Bid to 'Accelerate the Adoption of Bitcoin and Lightning'

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May 5, 1:02 am

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Fedi Raises $17M in a Bid to 'Accelerate the Adoption of Bitcoin and Lightning'

Fedi, a tech startup, has raised $17 million to make Bitcoin more accessible to new users. The company's Fedimint federations are a cryptographic tool that allows users to set up communities for custodying Bitcoin. Fedi aims to provide users with more security than traditional Bitcoin wallets, as well as more privacy and scalability. The company also plans to release an Alpha version of its product geared towards developers.

Fedi, a tech startup, has raised $17 million to make Bitcoin more accessible to new users. The company's Fedimint federations are a cryptographic tool that allows users to set up communities for custodying Bitcoin. Fedi aims to provide users with more security than traditional Bitcoin wallets, as well as more privacy and scalability. The company also plans to release an Alpha version of its product geared towards developers.

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