Bottlepay has rolled out its global payments app across Europe to allow cross-border payments in the continent using euros and bitcoin.
Powered by the Lightning Network, the app aims to revolutionize the way billions of people transact across the world, reducing merchant charges and transfer fees associated with digital payments.
With Bottlepay users can transact with as little as a penny, or send funds where the recipients will receive 100% of the payment.
The European version of the app allows users to top-up the account with euros and use them to buy bitcoin, spend it, or store it in the app like a wallet.
The app is linked to Twitter in way it allows users to write orders in a single teet – for example, ‘@bottlepay send @recipient €10’ will instantly send the command to move the specified quantity of euros from one account to another.
Via Twitter, Bottlepay users can also buy bitcoin using a trade bot. For example ‘@bottlepay buy €10 of BTC’ will instantly convert that amount of euros to bitcoin in your account.
Bottlepay will be linking its app to other social media, including Reddit, Telegram, Discord, and Twitch.
Pete Cheyne, Founder of Bottlepay, 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.
Until now, it has been difficult to understand the utility of bitcoin other than it being a store of value. 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 It’s a much-needed update on the clunky, outdated payment systems available up until now, and a leap towards better financial inclusion for everyone.”
The app comes with a payment routing feature that allows users to select the currency which they would like to receive funds – bitcoin, euros or pound sterling.
Another feature on the app also allows customers to monitor the live market price of bitcoin.
