Bitcoin utility blockchain VerifiedX launches "cryptocurrency version of Venmo" payment app Butterfly

According to CoinDesk, VerifiedX is a Layer-1 blockchain and Bitcoin sidechain. The project released Butterfly on Wednesday, a payment application designed to be as easy to use as utilities like Venmo or Cash App, while also simplifying the complexities of many popular crypto wallets and payment methods, without incurring the relatively high fees of certain exchanges.