Bottlepay raises £11 million for fiat and crypto micropayments app

Built on the Lightning Network, the Bottlepay app aims to faciliate social, streaming, and micropayments by offering real-time funds transfer in bitcoin and conventional currencies and integration with popular social media platforms such as Twitter, Reddit and Discord.

The product gained over 20,000 users for a beta version of the app with no marketing, after being rated as the number one Crunchbase Bitcoin start-up globally.

Bottlepay says it will use the funding – which gives the startup a £51 million post-money valuation – to expand its team, improve functionality and increase the geographical reach of the service over the coming year.

Mark Webster, CEO of Bottlepay, says: “The payments ecosystem is undergoing monumental changes as we move towards a cashless society. Today’s consumer wants to be able to transact freely and easily, without the restrictions of a traditional bank. We believe that with this cash injection, we can build a leading company in this rapidly growing space which will allow people to send, spend and receive payments in a way that works best for them.”