Revolut’s rival Bottlepay has raised £ 11m.Allows users to send Bitcoin on social media

Bottle pay, Bitcoin-based global payments app has secured £ 11m in seed funding. The round was led by a variety of investors, including UK fund manager Alan Howard, current and former Goldman Sachs partners FinTech Collective, NYDIG and tech entrepreneur Fildoy.

The funds will be used to expand the team and develop the features and geographic extent of the platform.

Facilitates immediate payment

Founded by Pete Cheyne and Peter O’Donoghue, Bottlepay facilitates instant payments in traditional currencies, including micropayments. Bitcoin..

The UK company’s open payments network aims to transform the digital economy by reducing excess charges and enabling digital micropayments and cross-border transactions.

Seamless social payments

In addition, Bottlepay’s new app enables seamless social payments via single tweets, messages, or social media posts on platforms such as Twitter, Reddit, and Discord.

Bottle pay users can buy, save, send and withdraw Bitcoin In one slide, unlike other digital payment platforms such as PayPal and Revolut. Currently, users cannot use or withdraw Bitcoin.

Built on the Bitcoin protocol, the system provides consumers and retailers with access to a new global market, including 65 million Bitcoin owners.

Products delivered instantly, no matter how small the transaction, can be sold without being subject to uneconomical fixed minimum rates.

Mark Webster, Chief Executive Officer of Bottlepay, said: “Raising £ 11m and reaching a £ 51m post-money valuation is a testament to the scale of Bottlepay’s ambitions and an example of the effort and resources invested in construction and design. Innovative at this scale. It’s a payment infrastructure. ”

“As we move into a cashless society, the payments ecosystem is undergoing major changes. Today’s consumers want to be free and easy to trade without the restrictions of traditional banks. We believe that cash injection can build a leading company in this fast-growing space where people can send, use and receive payments in the way that suits them best. “

Sean Lippel, Principal and Head of Digital Assets at FinTech Collective, said: “Approximately 65 million people around the world own Bitcoin, but only a small percentage of them actually trade daily, which means we are just beginning to scratch the surface to a wider extent. An example of using Bitcoin payments as an open source money network. Bottlepay’s elegant and intuitive consumer interface, strategically built on the power of the Lightning Network, is a social, streaming, and micro of digital assets. We believe in unlocking payments. We were fascinated by the unique combination of team technology and design talent combined with Laser’s focus on privacy and regulatory compliance. “

Revolut’s rival Bottlepay has raised £ 11m.Allows users to send Bitcoin on social media

Source link Revolut’s rival Bottlepay has raised £ 11m.Allows users to send Bitcoin on social media

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