ZBD Raises $40M in Series C Funding Led by Blockstream

Bitcoin payments startup ZBD has successfully raised $40 million in a Series C funding round, with Blockstream Capital contributing $36 million. The New Jersey-based company specializes in providing payment software solutions for video games, utilizing Bitcoin for transaction processing. Unlike other crypto ventures, ZBD does not engage with NFTs or crypto-based gameplay, focusing instead on blockchain as a payment channel to facilitate direct financial interactions between game developers and players. The company plans to use the new funds to expand its payment product offerings over the next year.