After digital payments app Bottlepay launched its integrated Bitcoin social media feature, Twitter users can now send Bitcoin (BTC) with a single tweet.
Transactions between Twitter users appear to be possible now with the simple tweet template “@bottlepay send 1,000 sats to @twitteruser.” The command can be executed directly from within the Twitter app, and the Bitcoin is automatically transferred from one user to another.
Bottlepay bills itself as a digital payments disruptor and recently raised $15 million in a seed funding round. Other social networking sites, such as Reddit and Discord, can also be used for the Bottlepay software. The beta edition of the app reportedly drew 20,000 users without any ads and handled $2.4 million in sales in just over a month after its February 10 launch.
Given the degree to which Bitcoin transaction costs skyrocketed between 2020 and 2021, the coin’s suitability for use in a regular, shared payments app may be legitimately questioned. Bottlepay eliminates Bitcoin’s high transaction costs by using the Lightning Network, a second-layer workaround that avoids network congestion by off-chaining BTC transactions.
“Bottlepay’s social Bitcoin transfers are a much-needed improvement on the clunky, obsolete payment networks that have been available up until now, and a step towards simpler, faster transactions,” said Bottlepay CEO Mark Webster.
478 Interactions, 6 today