Bitcoin App That Allows Transferring BTC Through Social Medias Gets $2M More Investment

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Fri, 10/11/2019 - 17:00
Denis Sinyavskiy
The Newcastle Tech company Block Matrix received 2 million investment for app development, which allows sending Bitcoin through accounts in social networks
Cover image via www.123rf.com

The British company Block Matrix, which developed an application that allows you to send Bitcoin (BTC) using an account on social networks, received an investment of $2 million for the further app development, Netimesmagazine reported.

Bitcoin payments simple as never

Bottle Pay is an application developed by Block Matrix, allows to transfer Bitcoin through a social network account, while it’s not necessary to have a registered account in the application itself.

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The proceeds from British investors will go to expand the company's staff, as well as develop and improve the application in the coming year. Part of the funds is planned to be spent on commercial and marketing. One of the purposes of the development is the use of Bottle Pay by retailers and businesses.

A big thing for BTC

The Matrix block is located in Newcastle Quayside, its founder Pete Cheyne sets high goals and hopes that Botte Pay will allow Bitcoin to be used even by people not familiar with the cryptocurrency industry:

“We are trying to break down the barriers to allow everyone to use Bitcoin.”

Mr Cheyne hopes to increase the number of users from 11 000 to 100 000 users the next year, which will attract even more investment to develop the application.

About the author

Starting with a simple interest in cryptocurrency, over the past two years, Denis has worked in a cryptocurrency fund and become an author with an analytical bias. His engineering degree helps with the analysis of the technical part of the cryptocurrency market. As a fan of cryptocurrency, Denis believes that the blockchain technology is the future, can be contacted at denis.sinyavskiy@u.today.


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