Bottlepay, a well-liked shopper app for Bitcoin transactions, has announced its closure on Monday, July 24, 2023, leaving customers with the duty of withdrawing their funds. The firm acknowledged that every one accounts can be closed, and customers are urged to withdraw their funds both as Bitcoin or fiat foreign money (GBP/EUR) from the Bottlepay app earlier than the closure date.
Failure to withdraw funds by the closure date will end in Bitcoin being transformed to fiat foreign money and returned to the nominated checking account, whereas any fiat left within the account can be returned to the nominated checking account as nicely.
In an announcement, Bottlepay suggested customers to make the most of the app’s downloads function to save transaction statements earlier than the closure date. The firm emphasised that Bitcoin transactions can have tax implications, making the downloaded info helpful for future reference. As the closure date approaches, Bottlepay could contact customers who nonetheless have Bitcoin or fiat foreign money in their accounts, both by means of the app or through e mail. However, the corporate cautioned customers to concentrate on potential scams and by no means provoke an offboarding course of outdoors of the app.
Regarding the subsequent steps, customers are suggested to obtain their transaction historical past and shut their Bottlepay accounts. Instructions on how to withdraw funds from Bitcoin and fiat accounts, in addition to how to obtain transaction historical past and shut accounts, may be discovered on the app.
In a closing observe, Bottlepay expressed gratitude to its prospects and apologized for the inconvenience attributable to the closure. While the corporate shunned making particular suggestions about what to do with Bitcoin funds, customers had been inspired to train due diligence when deciding on various custodial wallets or changing Bitcoin to fiat foreign money. The Financial Conduct Authority (FCA) register may be consulted for info on different FCA-registered cryptoasset companies working within the UK.
