UK-based crypto payment provider Bottlepay has started offering services in other European countries. Users of the Old Continent will also be able to send and receive small amounts of euros and buy, store and spend bitcoin with merchants that accept the cryptocurrency.
Bottlepay promises low-cost transactions in Euro and Bitcoin
Bottlepe app will allow Europeans to make instant cross-border payments using the eurozone’s common fiat currency, the euro, as well as bitcoin (B T c) The startup, which launched its service in the UK earlier this year, promises to process these transactions at a low cost. It announced its upcoming European expansion on social media ahead of the weekend.
— bottlepay (@bottlepay) 4 June 2021
The app can be downloaded on the mobile device via the link sent. Starting Tuesday, European residents will be able to top it up with euros to buy or pay for bitcoin. UK users can send and receive British Pounds and B T c, and also set up the app to convert funds sent to Europe into Euros or cryptocurrencies. Pete Chen, founder of Bottlepay, was quoted by Yahoo Finance as saying:
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 built on top of the bitcoin network.
Users can buy crypto, send money via Twitter
The platform supports orders via Twitter. Fund transfer can be done with a simple command like “@bottlepay send @recipient €10”. Buying bitcoins with the bot is also simple. Tweeting “@bottlepay buy for €10” B T cWill instantly convert the fiat amount in your account to crypto. The company also plans to offer the service on Reddit, Telegram, Discord and Twitch.
Both British and other Europeans can use the application B T c Payment at stores and online merchants that accept cryptocurrency. Bottlepay provides the convenience of Lightning Network transactions. Crypto users can also withdraw money from it bitcoin atm Worldwide.
As a participant in the UK Financial Conduct Authority’s Innovation Hub, Bottlepay managed to sign up over 20,000 users for the beta version of its mobile application. British crypto payments startup supported By billionaire Alan Howard, co-founder of the Braven Howard Hedge Fund.
This year, Bottlepay raised £11 million (about $15.5 million) in seed funding from Howard and other investors including “current and former” Goldman Sachs partners. The startup was founded in 2019 but in December of the same year, the company saw announcement of It was ceasing operations due to the new, stricter EU anti-money laundering rules at the time.
Will you be using Bottlepay for Euro transfers and cryptocurrency payments? Let us know in the comments section below.
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