SpendTheBits is a cryptocurrency payment mobile app which is powered by XRP Ledger, a decentralized, open source platform. It will enable users to spend their cryptocurrency (both by sending and receiving) as well as store their cryptocurrency. Users can transfer their bitcoin to the SpendTheBits mobile application (the "App"), and can send that bitcoin to third parties who also use the App, or they may simply store their bitcoin on the App. SpendTheBits does not buy or sell bitcoin or any other cryptocurrency to its users. Users may pay for goods and services using the App. SpendTheBits users can also use the app to Send & Receive cryptocurrency to friends & family.