Social Network Effects to Usage in Real Life with Bitholla

By November 16, 2015Bitcoin Business

New mobile payments start-up Bitholla, which allows peer-to-peer payments in digital currencies from any mobile wallet of the user’s choosing, has arrived. Now users can make payments not only in a retail environment but also to settle between friends and colleagues over things such as lunch or rent. Founded by Adrian Pollard, Alireza Beikverdi , Ben McDonald, Mohammad Bahaealdin, and Paul Bugge, Bitholla offers a new mobile app that resembles a social media platform that centers around payments between users and enables P2P payments via any mobile wallet worldwide. The Bitholla app personalizes payments by replacing bitcoin CT r: 4 addresses with social media profiles. People can share their bitcoin address to send and receive money from other users in the network. There is no need to ask and scan QR Codes, which makes the payment process much more fluid and streamlined. Moreover, users can also make use of geolocation to find new contacts based on physical proximity. The project aims to become the final required element to ensure easy and on-the-go payments without compromising Bitcoin’s essential security principles. CoinTelegraphCT r: 12 : What is Bitholla and how did it start? Paul Bugge: Bitholla is a social networking platform specializing in mobile payments. This project began to take shape about a year ago at what is now known as Seoul Bitcoin, a meetup based in Seoul South Korea. Basically the other members and I met there, and started getting more and more involved with the meetup. We started hanging out a lot and we were using bitcoin very frequently to settle tabs among ourselves but were dissatisfied with the way payments had to take place, either by scanning a QR Code that you had to be right next to the person to do or using copy, paste, send payment […]

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