New digital payments app Bottlepay, which launched last month, is the first platform to allow people to send and receive Bitcoin via Twitter.
Bottlepay is the only app that facilitates Bitcoin payments via social media. A single tweet — for example ‘@bottlepay send 1,000 sats (the smallest unit of Bitcoin) to @twitteruser’ — will instantly move the specified quantity of Bitcoin from one user’s account to another.
Unlike other digital payment platforms such as PayPal and Revolut, whose users cannot currently spend or withdraw their Bitcoin, Bottlepay allows its users to withdraw, deposit or spend their Bitcoin on tangible goods anywhere in the world with a single slide.
However, Twitter isn’t the only social channel the app will support. In the coming months, Bottlepay will also allow users to spend and transfer money on Reddit, Discord, Twitch, Telegram and Mastodon.
Since the app launched last month, users have already made total transactions of more than £1.7m.
Bottlepay also supports conventional currencies, enabling users to send and receive Bitcoin and other currencies anywhere in the world, in real-time. Bottlepay will be adding more conventional currencies in the near future, with support for the euro up next. The company will be leveraging its next-generation payment infrastructure to create an instant, low-cost alternative to Wise, Currencyfair and others.
The app satisfies a growing need for easy, jargon-free ways to buy and sell non-technical Bitcoin. Eventually, Bottlepayers will be able to spend the currencies in their account on any purchase that is instantly fulfilled, such as meals in restaurants, items in shops or digital subscriptions.
The app also reduces the merchant charges and transfer fees associated with digital payments, which often mean small purchases can be uneconomical and prohibitively expensive. Instead, Bottlepay users can pay, donate and tip with as little as a penny.
Mark Webster, Chief Executive Officer of Bottlepay, said: “Empowering users to make instant payments on social media takes us a step closer to revolutionising the global payments infrastructure.
“Today’s consumers want the power to move their money immediately, from anywhere in the world. Bottlepay’s social Bitcoin payments are a much-needed update on the clunky, outdated payment systems available up until now, and a leap towards smoother, easier transactions.”
The new Bottlepay system is revolutionising digital payments for the average consumer, allowing anyone with the app to be part of a growing cashless society in a way that suits them.
Samantha Loveridge, Founder of Stylish AF Fitness, said: “Honestly, I’m not really a “techie” person or someone who knows much about cryptocurrencies. In fact, I’ve never actually owned any, but buying and sending Bitcoin with Bottlepay was so easy, and pretty fun, too. It took me less than five minutes to download the app, get verified and send someone Bitcoin with a tweet.
“I could definitely see myself using this app to make instant payments. It combines simplicity, speed and social media, which is perfect for someone like me.”