Since Launch, Bottlepay Has Facilitated $2.3 Million In Lightning Transactions
Bottlepay, an application facilitating Lightning Network transactions via social media, has found an appetite for seamless use of bitcoin.
Bottlepay, the U.K.-based application that allows users to transact bitcoin via the Lightning Network on social media, has seen notable volume since its launch last month. The app has facilitated transactions worth more that 1.7 million pounds ($2.3 million), according to a press release sent to BitcoinLinux.
The app permits “Customers [to] send and receive conventional currencies and bitcoin anywhere in the world,” per the release. “They can also use the app to make purchases with Bitcoin.”
Using Bottlepay, anyone is able to send bitcoin with a single tweet.
“A single tweet — for example ‘@bottlepay send 1,000 sats (the smallest unit of bitcoin) to @twitteruser’ — will instantly move the specified quantity of bitcoin from one user’s account to another,” Bottlepay stated in the release.
The company allows users to transact in other currencies as well, and is working to develop support for the euro next. The release also noted that the platform expects to allow users to make transactions through Reddit, Discord, Twitch, Telegram and Mastodon in the coming months.
Although it is not the first time social media has facilitated the usage of micropayments on the Lightning network, as
Bottlepay raised $2 million in 2019 to develop this functionality. It is among the only such platforms to allow for Lightning transactions over social media. Tippin.me, a similar platform for facilitating Lightning transactions via Twitter, launched its beta in 2018.
As the desire grows for people to transact bitcoin on fluid, user-friendly layers, apps like Bottlepay appear to have massive growth potential.