Global payments app Bottlepay has expanded its offering across Europe, enabling users across the continent to make cross-border payments using euros and bitcoin.
Seeking to change the way consumers engage with transactions all over the world, the app, which is powered by the Lightning Network, seeks to significantly reduce the merchant charges and transfer fees associated with digital payments.
The European version of the app can be enhanced with euros and used to buy bitcoin, as well as to make payments. With Bottlepay, you can buy bitcoin, spend it, or store it in the app like a wallet.
Both the UK and European versions of the app can be used to make bitcoin payments anywhere in the world that accepts the cryptocurrency – that includes withdrawals from Crypto ATMs and online merchants.
Pete Cheyne, Founder of Bottlepay, commented on the growth: “Bottlepay is attempting to rewrite the rules when it comes to cross-border transactions. Half a billion people across the UK and Europe can now make cost-effective, instant payments to each other with a payments app that’s built on top of the Bitcoin Network.
“Until now, it has been difficult to understand the utility of bitcoin other than it being a store of value. By launching in Europe, we are demonstrating the power of bitcoin as an open-source monetary system. We have created a payment rail that can process cross border payments immediately, at a low cost. It’s a much-needed update on the clunky, outdated payment systems available up until now, and a leap towards better financial inclusion for everyone.”