UK-based digital payments app Bottlepay, which facilitates real-time cross-border transfers of both fiat money and cryptocurrencies, has expanded its service across Europe.
The firm said it will now provide cross-border payments across the continent using euros and bitcoin.
Powered by the Lightning Network, Bottlepay is claimed to be the first platform to allow users to send and receive bitcoin or pounds sterling instantly through Twitter.
The app went live in the UK in March this year, following its launch in beta mode on Google Play and App Store a month before.
The European version of Bottlepay can be topped up with euros and can be used to make payments and buy bitcoin, according to media reports.
Both the UK and European versions of the app are said to support bitcoin payments internationally. This includes withdrawals from Crypto ATMs and online merchants.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below formBy GlobalData
Users can tag Bottlepay in the tweet along with the recipient and amount details to make the instant payments. They will be also able to buy bitcoin in the same manner via Twitter trade bot.
Bottlepay is planning to expand its services to Reddit, Telegram, Discord, and Twitch in the coming weeks.
Bottlepay founder Pete Cheyne said: “Bottlepay is attempting to rewrite the rules when it comes to cross-border transactions. Half a billion people across the UK and Europe can now make cost-effective, instant payments to each other with a payments app that’s built on top of the Bitcoin Network.”
Cheyne further said: “By launching in Europe, we are demonstrating the power of bitcoin as an open-source monetary system.
“We have created a payment rail that can process cross border payments immediately, at a low cost. It’s a much-needed update on the clunky, outdated payment systems available up until now, and a leap towards better financial inclusion for everyone.”
In February this year, Bottlepay secured £11m in seed investment from British fund manager Alan Howard, FinTech Collective as well as bitcoin investment firm NYDIG.