A U.K. tech firm has raised a £1.6 million ($2 million) investment for an app that allows users to send Bitcoin (BTC) using their social media accounts. As reported in the North East Times, Oct. 11, Newcastle company, Block Matrix, received the funds to further develop its Bottle Pay platform.
The Bottle Pay platform lets users transfer Bitcoin using their social media accounts. This enables payments to any social media contact regardless of whether they have a Bottle Pay account.