A U.K. tech firm has raised a £1.6 million ($2 million) investment for an app that allows users to send Bitcoin (BTC) using their social media accounts. As reported in the North East Times, Oct. 11, Newcastle company, Block Matrix, received the funds to further develop its Bottle Pay platform.
“Allow everyone to use Bitcoin”
The Bottle Pay app will allow users to easily access the platform. Founder, Pete Cheyne, explained:
“We are trying to break down the barriers to allow everyone to use Bitcoin. […] What we want to do is to let people authenticate into the app with an account they already have and trust.”
The company also has plans to enter the retail and commercial services market with a payment platform allowing merchants to accept Bitcoin payments through Bottle Pay.