The Bottlepay app allows users to send and receive pounds and bitcoins via Twitter

Bottlepay is the first official app that allows you to make payments in pounds or bitcoins via Twitter. With a single tweet, for example “@bottlepay send @recipient £ 10”, you can instantly send the command to move the specified amount of pounds from one user's account to another.

Fast and commission-free transactions

This new feature that allows you to pay via social media in pounds or bitcoins. It means users can send as many pounds as they want to any individual with a Twitter account, with no transaction fees.

Fund recipients via Twitter will receive 100% of the payment, which is not the case with alternative payment services such as PayPal (PayPal shares - ticker 2PP), which charge transaction fees. 

Bottlepay users are now able to tip street artists, support local businesses, donate to charities and send funds to artists and musicians, all in one tweet and without the need to share bank details. or other personal details such as addresses. 

The ability to "tweet money" will make it easier than ever to split accounts in restaurants and allow Twitter users to show their followers what they are doing, what their reasons are for, and provide a means to encourage others to do so. donations.

A revolution in the payment system

Pete Cheyne, founder of Bottlepay, said: “Allowing users to make instant payments to anyone with a social media account is a revolutionary step towards transforming the global payment infrastructure.

“Today's consumers want the power to transfer their money to anyone, instantly, from anywhere in the world. Bottlepay's social payments are a much-needed upgrade on the clunky and outdated payment systems available until now. A leap forward towards more fluid and easier to carry out transactions ”.

The app, which launched in the UK earlier this year, also allows customers to send and receive Bitcoins via a simple tweet. Unlike other digital payment platforms such as PayPal and Revolut, Bottlepay allows users to deposit their Bitcoins or spend them on tangible goods anywhere in the world (obviously where Bitcoin is accepted on the lightning network).

This feature that allows users to send pounds via via Twitter was launched yesterday. Plus, customers will be able to do the same on Reddit, Discord, and Twitch in the coming weeks.

In short, the payment system is about to enter a new phase, possibly revolutionary. It will be possible to transfer money instantly and above all, without commissions.

Is this the future that banks fear? Is this why institutions are still so reluctant to decentralize? Let us know what you think in the comments section below.