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Bottle pay: Removing the Friction From Dealing With Bitcoin

Dec 4, 2019 | Cryptocurrency, Services

The cryptocurrency industry has seen many service providers come and gone. Other than exchanges, very few “convenient” solutions stick around for long. Bottle Pay is one of those ventures that might succeed where others have failed. 

Bitcoin isn’t Convenient

Regardless of how one looks at it, there is a severe problem when using Bitcoin. For the average person on the street, it is anything but convenient. Setting up a wallet and receiving funds are not the hard part. It is the obtaining of cryptocurrencies through other means than a friend sending them some spare Satoshi that confuses a lot of people. Let alone having people deal with centralized exchanges that ask for a fair amount of personal information.

If anyone in the world could receive Bitcoin by simply using their social media accounts, things would become a lot more straightforward. Services such as Twitter, Instagram, YouTube, or even  Telegram have gained tremendous global traction over the years. Hooking Bitcoin payments into any of those services will not necessarily be done by these companies themselves, unfortunately. 

Bottle Pay is an Easy Solution

The Bottle pay team has apparently been thinking along the same lines. They too want to make Bitcoin accessible for everyone, regardless of who they are or where they live. Their service is very intriguing and removes a lot of friction at the same time. Users can link their existing social media, GitHub, SoundCloud, and other accounts to this service. Once they have done so, they can directly receive Bitcoin payments from anyone else in the world. 

Users who receive Bitcoin will also benefit from the built-in wallet solution. Any funds stored in one’s Bottle pay wallet can be accessed any time. Experienced users can then have the funds sent to their own Bitcoin address over the Lightning Network or as a regular transaction. The current model offers a little something for everyone, regardless of technical expertise. 

No one can deny that social media has taken over a lot of people’s lives. It is also the easiest way to stay in touch with friends and family at all times. Being able to send some small fractions of a Bitcoin to anyone and everyone will unlock a new era for the cryptocurrency industry. Users no longer have to rely on complex wallet addresses to share, as they can have funds transferred to their alias. 

The Browser Extensions

It is also worth noting Bottle Pay can be used through a dedicated browser extension. The team currently supports Google Chrome, Mozilla Firefox, and the Brave browser. This latter option is interesting, as it makes Brave the most cryptocurrency-oriented browser on the market today. By integrating the plugin, users will be able to add a Bottle Pay button to their social networks. 

Images courtesy of their respective sources.

Fintoism is not providing financial or investment advice. All content published on this platform is for entertainment and educational purposes only.

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<a href="https://fintoism.com/author/oglock/" target="_self">JP Buntinx</a>

JP Buntinx

JP Buntinx is passionate about cryptocurrencies, fintech, blockchain, and finance. He currently resides in Belgium.

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