Revolut’s rival Bottlepay bags £11M funding; lets users send Bitcoin to on social media

Bottlepay, a Bitcoin-based global payments app, has secured £11 million in a seed funding. The round was led by a range of investors including British fund manager and billionaire Alan Howard, present and former Goldman Sachs partners, FinTech Collective, NYDIG, and tech entrepreneur Phil Doye. The funding will be used to expand the team and develop the platform’s functionality and geographical reach. 

Founded by Pete Cheyne and Peter O’Donoghue, Bottlepay facilitates instant payments, including micropayments, in conventional currencies and Bitcoin. The UK company’s open payment network aims to transform the digital economy by making digital micropayments and cross-border transactions viable by reducing excessive fees. 

Furthermore, Bottlepay’s new app also enables seamless social payments with a single tweet, message, or social media post on platforms such as Twitter, Reddit, and Discord. Bottlepay users can buy, store, send and withdraw Bitcoin with a single slide, unlike other digital payment platforms like PayPal and Revolut. Their users cannot currently spend or withdraw their Bitcoin. Built on Bitcoin protocols, the system gives consumers and retailers access to a new global market, including 65 million Bitcoin owners. 

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