The developers of Bottle Pay bitcoin payment service in August will release a beta version of the improved application, it follows from the information on the project website . The project was interrupted in December 2019 due to the tightening of legislation in the EU.

The developers announced the closure of the application with the functionality of sending small amounts in bitcoin on social networks and messengers at the end of last year shortly before the entry into force of the Fifth EU Anti-Money Laundering Directive (5AMLD EU).

In the last six months, Block Matrix startup behind Pay Pay has successfully undergone a restructuring, becoming part of the innovative hub of the British Financial Supervision Authority (FCA). The project website states that customer funds are stored in segregated accounts and protected in digital vaults.

Now the company is compiling a list of participants in closed beta testing of the new application. To date, their number has reached 1065.

In addition to sending payments on social platforms such as Twitter, Reddit and Discord, Bottle Pay will allow you to automatically purchase bitcoin at certain intervals. Previously, such a function was implemented in Square's Cash App.

Also, Bottle Pay users will be able to configure the transfer of bitcoin to another wallet address. Promotional videos of the application appeared on Twitter on June 26th.

Bottle Pay is based on the Lighting Network . The app will be available on Google Play and the App Store. Developers offer APIs for integrating micropayments into decentralized applications and marketplaces.

The startup plans to earn due to a small commission for exchanging cryptocurrencies for euros and British pounds and vice versa.

Recall that earlier, representatives of the Cash App announced a surge in investment in bitcoin against the backdrop of the global crisis.