Users can now send bitcoin to and from their Twitter accounts after Bottlepay’s disruptor payments app went live. Twitter users can now send bitcoins using one tweet after the app launched its integrated bitcoin social media feature.
Transactions between Twitter users can now happen using the simple tweet template “@bottlepay send 1,000 sats to @twitteruser.” The command can then be executed directly within Twitter and the bitcoin will be transferred from one user to the other automatically.
Bottlepay has always described itself as a global payments disruptor, and it managed to raise $15 million in a seed funding round at the end of February 2021. This app may also be used with other social media platforms like Discord and Reddit.
Bottlepay’s beta version of the app reportedly attracted over 20,000 users without any marketing and it processes $2.4 million worth of transactions within a month since launching on February 10, 2021.
Considering the extent to which BTC transaction fees surged from 2021 into 2021, the coin’s suitability for use in a day-to-day, social payments app may reasonably be brought into question.
Bottlepay is designed to circumvent BTC’s high transaction fees by using the Lightning Network. This network is a second-layer solution that is designed to solve network congestion by taking bitcoin transactions off-chain. The CEO of the company, Mark Webster, said:
“Bottlepay’s social Bitcoin payments are a much-needed update on the clunky, outdated payment systems available up until now, and a leap towards smoother, easier transactions.”