Bottlepay Launches Bitcoin Twitter Payments, Reddit, Instagram Come Next
Recently-launched payments app Bottlepay has revealed its new feature that enables users to send and receive bitcoin (BTC) via Twitter.
Per the company, in the coming months, users should also be able to spend and transfer money via Reddit, Discord, Instagram, Twitch, Telegram, and Mastodon.
According to Bottlepay, a user needs only to tweet for the feature to send a specific amount of sats to another user's account.
The team stated that "unlike other digital payment platforms such as PayPal and Revolut, whose users cannot currently spend or withdraw their BTC, Bottlepay allows its users to withdraw, deposit or spend their BTC on tangible goods anywhere in the world with a single slide."
Bottlepay supports fiat currencies as well, and will be adding more of them in the near future, with support for EUR coming next, they said. They aim to leverage their payment infrastructure to "create an instant, low-cost alternative to Wise, Currencyfair and others," claimed the press release.
The company also stated that the app lowers the merchant charges and transfer fees associated with digital payments.
Since the app launched last month, users have made total transactions of more than GBP 1.7m (USD 2.37m), they added.
On February 10, it was announced that the Bottlepay app launched on Google Play and App Store. Later that month, the team said they had raised USD 15m in seed funding from investors including British fund manager Alan Howard, present and former Goldman Sachs partners, FinTech Collective, and NYDIG.
As reported, the first version of Bottlepay was shut down by its creators at the end of 2019, as the 5AMLD EU regulation was to soon come into effect, wanting to build a fully compliant and scalable app.
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