Tweet Bitcoins! Bottlepay brings real-time bitcoin payments
The firm said, “Users can tweet bitcoin and fiat currency to other users instantly”.
The U.K based payments platform Bottlepay brings real-time bitcoin payments to Twitter. Bottlepay is aiming to disrupt the payments space by enabling real-time cross-broader transfers of both fiat money and cryptocurrencies.
The beta version of its app (iOS and Andriod) was first launched in February, with users sending payments totaling over €1.7 million (around $2.4 million) since then. The firm announced its full launch after leaving beta mode and now allows users to send bitcoin via Twitter. Besides Twitter, Bottlepay plans on extending its service to Reddit, Discord, Twitch, Telegram, and Mastodon within the coming months.
Bottlepay will make available more fiat currencies, with the Euro next in line alongside the existing U.K. pound option. Lightning Network was used to create this wonderful payment platform.
“Crypto.com” is now a principal member of Visa’s Australia network
Dubbed “spending power”, the upcoming service will allow Crypto.com Visa cardholders to use the cryptocurrency balance in their Crypto.com wallet as collateral for loans that can be spent via the card.
Hong-Kong-based “Crypto.com” is now a principal member of Visa’s Australia network, expanding its card offering to the state. The principal membership means Crypto.com is in a position to directly offer the Visa card in Australia.
The card allows users to convert cryptocurrencies into fiat currencies for spending at Visa -accepting retailers. Crytpo.com said that its Visa card is now available in 31 countries including the U.S, Canada, Europe, and the Asia-Pacific region. The company plans to expand the card into other new markets and will start offering virtual cards in Europe this month.
Also, the company made it known on Thursday that it will introduce fiat currency lending backed by crypto collateral. As part of the press release, Crypto.com revealed that the collaboration with Visa was in line with the company’s efforts to expand the reach of its crypto Visa card.
Commenting on the Visa partnership, Crypto.com CEO Kris Marszalek remarked: “Signing the global partnership with Visa and becoming a principal member with the world’s leader in digital payments affirms our commitment to accelerate the world’s transition to cryptocurrency.”
Sound surprising how Crypto.com achieve this. The groundwork for the move was done when the firm secured an Australian Financial Service License through an acquisition in December.
Differences between Stocks and Bitcoin
High interest in demand for Bitcoin has raised a common misconception among market participants, especially new crypto adopters, that Bitcoin (BTC) is company stock. It is worth noting that Bitcoin is a cryptocurrency, a type of digital asset secured by cryptography that can be used to make electronic payments over the internet or act as a store of value like gold or silver. Bitcoins do not exist in physical form; they can be sent in minutes and they do not require multiple intermediaries to handle the payment.
There are diverse fiat currencies in the world like the U.S dollar or the Euro that store all card and wire transactions on a central ledger maintained by a single authority (government or central bank), whereas bitcoin and other cryptocurrencies use a technology called “blockchain”. This is a globally distributed ledger that can be maintained and copied by anyone on the planet and ensures total transparency.