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

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  • Denis Sinyavskiy
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    The Newcastle Tech company Block Matrix received 2 million investment for app development, which allows sending Bitcoin through accounts in social networks

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

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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.

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XRP Price Likely to Hit $0.56 in Early December, Crypto Trader Says

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  • Yuri Molchan
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    A crypto trader analyses a crucial fractal on the chart, saying that a possible outcome could be $0.56 for 1 XRP by early December

XRP Price Likely to Hit $0.56 in Early December, Crypto Trader Says
Cover image via 123rf.com

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Contents

Despite the active expansion of the Ripple ecosystem and signing up over 300 new customers on RippleNet this year, the XRP price remains below $0.3.

At press-time, XRP is declining by 2.85 percent and is exchanging hands at $0.24.

XRP price CMC
Image via CoinMarketCap

A win-or-bust XRP forecast

The community has been eager for the price to surge throughout 2019. On Wednesday, U.Today published a story with bullish forecasts regarding the price.

Today, a crypto trader @TheCryptHawk has shared a chart on his Twitter page. It shows a possibility of XRP surging to $0.56 in early December if the fractal depicted on the chart in in play.

If not, the trader says, the price may collapse to $0.17-$0.18 and then – down to $0.12.

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XRP below the $0.25 support

A short while ago, XRP dropped below the $0.25 support level, where the coin had not been in several months. This is happening despite the recent Swell conference, which was expected to push the coin’s price way upward.

The community was expecting a bull run, since last year in November, as many believe, Swell triggered it. As a result, in January 2018 XRP hit its all-time high of over nearly $4.

This year, the loyal XRP community expects a bull run every now and then but all those expectations are in vain so far. This seems strange to many, since Ripple has indeed expanded its network significantly and provided a lot of actual utility cases for XRP.

Optimists are buying on the dip while the price is low (same as many doing when the Bitcoin price drops), hoping to reap their profits later on when XRP skyrockets.

 

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About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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