Some applications are made by corporations, designed to become assets that please investors and the CEO. Others are made by governments and public enterprises to encourage use of state services. They’re generally formulaic, programmed by employees without emotional investment in their products.
Bitholla is not one of those apps. It was made by a group of regulars at the Seoul Bitcoin Meet Up, the heart of the Korean Bitcoin community. They gather regularly to discuss and learn about cryptocurrency, and often enjoy late-night drinks afterwards. The group travels from one venue to another, and uses Bitcoin to settle bills for each other.
Like many Meet Up members, the founders are expatriates, who are common in South Korea and often use Meet Up as a way to make new friends. This turbulent social scene provides a steady supply of new faces, which means many new Bitcoin addresses and lots of QR codes to scan.
It’s from the need to help facilitate such impromptu sessions that Bitholla arose. Users create profiles linked to their Bitcoin addresses, and the application links with their third-party wallets. The app then activates geolocation technology on their phones to recognize when they are nearby