Relai to launch bitcoin debit card to unlock BTC via every purchase
To attract more retail investors to the crowdfunding project, Relai has promised 0% fees on transactions on the Relai app for those who invest €5,000 or more.
Relai has announced it plans to launch a bitcoin debit card in a time when it is currently raising funds from retail investors via Crowdcube.
The crowdfunding target of €1.5 million has been hit just two hours after going live and more than €2 million have been pledged by the Crowdcube community, with three weeks still left to run on the raise.
The savings and investment app has taken up the mission to make bitcoin investment and saving possible for everyone, everywhere. A bitcoin debit card would be the natural next step to bring BTC to the mainstream.
The goal is to unlock bitcoin for its users via every purchase, meaning Relai clients can build their bitcoin holding as they go about their day-to-day life.
The Switzerland-headquartered firm expects the Bitcoin debit card to be available as soon as this year as the mobile app goes from strength to strength to currently boast more than 24,000 active users across Europe.
To attract more retail investors to the crowdfunding project, Relai has promised 0% fees on transactions on the Relai app for those who invest €5,000 or more.
Welcoming hundreds of investors to the table
Julian Liniger, CEO and Founder of Relai, said: “It’s been amazing to welcome hundreds of investors to the table, and given the early success of the raise we’ve been able to advance our product roadmap plans already. We’re excited to progress our bitcoin debit card, which would give holders the opportunity to grow their bitcoin holding with every purchase they make. Bitcoin is rapidly transitioning to the mainstream, and through innovation like this we’ll continue to play a key role during what is a pivotal time for the original cryptocurrency.”
Relai claims that over 35 million CHF of bitcoin has been invested through its platform since being launched in 2020, when Julian joined forces with CTO Adem Bilican to start working on an idea of a hassle-free Bitcoin app at the F10 hackathon in Zürich.
“After months of sweat, blood, and tears”, the the Relai app hits the app stores and finished the year 2020 with a total trading volume of CHF 2 million.
In 2021, the firm raised CHF 2.5 Million in a Series A funding round in order to build a Bitcoin broker and become a regulated virtual asset service provider.
