A new digital payments app,听the first to enable users听to send听Bitcoin听via a tweet, hopes to bring small-scale crypto transactions into the mainstream听after racking up 拢1.7听million听of transactions in its first month.听
North East start-up听Bottlepay,听based at听Hoults鈥� Yard in Newcastle听and听set up by听Partnerize听co-founder Pete Cheyne,听launched the app last month.听
A single tweet 鈥� for example 鈥楡bottlepay听send 1,000听sats听(the smallest unit of Bitcoin) to @twitteruser鈥� 鈥� will instantly move the specified quantity of Bitcoin from one user鈥檚 account to another.听听
Unlike other digital payment platforms such as PayPal and听Revolut,听whose users cannot currently spend or withdraw their Bitcoin,听Bottlepay听means Bitcoin can be withdrawn, deposited or spent on tangible goods anywhere in the world with a single slide.听听
However, Twitter isn鈥檛 the only social channel the app will support.听
In the coming months听Bottlepay听will also allow users to spend and transfer money on Reddit, Discord, Twitch, Telegram and Mastodon.听
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Built on the Lightning Network,听Bottlepay听also supports conventional currencies, enabling users听to send and receive Bitcoin and other currencies anywhere in the world, in real-time.听
The product gained over 20,000 users for a beta version of the app with no marketing after being rated as the number one Crunchbase Bitcoin start-up globally.听听
Bottlepay, which听trebled its headcount last year,听aims to grow by a further 60% this year听and also听increase the geographical reach of the service听after raising 拢11m funding.听
Cryptocurrency