AN entrepreneur has developed what he thinks is the first mobile app which allows users to socialise and buy and sell bitcoin.

Usman Amjad has taken his love for crypto-currency and created OneTime.

The new app has had hundreds of downloads from across East Lancashire since its release in July and the 24-year-old aims to reach out across the globe.

The software allows people to share images across the platform and send messages to their friends and followers.

A main feature of the app involves buying and selling crypto currencies such as bitcoin.

Mr Amjad, from Great Harwood, said he became interested in crypto currencies in 2014.

He said: “I was going from job to job without a real goal or purpose.

“I started reading about crypto currency and really got into it and wanted to be involved with it.

“I thought it would be a great idea to combine something that is such a big part of our lives, social media, and crypto currency.

“I believe this is the first app of its kind, I’ve done my research and there’s nothing else out on the market like it.”

Crypto currencies such as bitcoin are digital currencies without a central bank or single administrator, which can be sent from user to user.

The app, unlike the large social media platforms such as Facebook, Instagram and Twitter, will not feature adverts from third parties.

All the features and prices for bitcoin are monitored and updated every 15 minutes.

The app will allow users to deposit and withdraw bitcoin, buy and sell bitcoin and look over bitcoin transactions.

The app also features a unique ‘shout out’ mode, which sends a message to all their followers instantly.

The former Norden High School pupil said he believes the app will fill a hole in the social media market.

He said: “It’s a really great app and I believe its going to become a really big part of how we communicate and use crypto-currencies in the future."

“I’ve had really positive feedback from people who already prefer it to Instagram.

“It’s easy to use and it's free.”

OneTime is available to download on Google Play and Apple App Store.