Portal to Bitcoin Secures $50 Million for Expansion, Driving Decentralized Transactions

Portal to Bitcoin just secured a massive $50 million investment from Paloma Investments, propelling the expansion of its BitScaler platform. This funding will fuel efforts to enhance non-custodial Bitcoin scaling and increase institutional support for decentralized transactions. 🛡️ 🤝 The company’s innovative approach aims to create secure and efficient interoperability between different Bitcoin networks while removing the need for traditional custodians. 👀 This move signifies a significant shift towards greater decentralization in the Bitcoin ecosystem, potentially impacting wider market liquidity and cross-chain activity. 🚀 Led by CEO Chandra Duggirala, Portal to Bitcoin plans to expand its grant program to attract institutional and community liquidity providers. 💼