The Relai bitcoin investment app team announced plans to issue a bitcoin debit card.
According to a press release, the company raised funds through the Crowdcube platform and reached its goal of €1.5 million just two hours after launch. Since then, the Crowdcube community has invested over €2 million to create the BTC card, with another three weeks left in the campaign.
Users of the proposed debit card will be able to receive bitcoin from every purchase, allowing them to build up BTC assets while going about their daily business. Relai’s founder said the card is making progress and said it could be available as soon as this year.
We are thrilled to have hundreds of investors joining us, and given the early success of the campaign, we have already been able to move forward on product development.
We are excited to improve our bitcoin debit card, which will give holders the ability to increase their bitcoin assets with every purchase they make.
Bitcoin is rapidly gaining popularity, and with innovations like this we will continue to play a key role in this strategically important moment for the first cryptocurrency,” commented Relai CEO and founder Julian Liniger.
Relai was founded in Switzerland by Julian Liniger and Adem Bilikan. Relai has been actively gaining momentum since its launch in 2020, and the app has more than 24,000 active users across Europe.
In addition, a Crowdcube investor can invest as little as €10 and become a holder of common shares in the company. Investors will receive quarterly updates based on business performance. In addition, Relai will remove transaction fees for members who invest an amount of €5,000 or more.
Nexo recently introduced its first cryptocurrency-enabled card based on the Mastercard Nexo Card in a number of European markets. Through a partnership with Mastercard and DiPocket, the company gives its users access to cryptocurrency liquidity at 92 million merchant sites worldwide.
Nexo Card is positioned as the world’s first card that allows users to spend money without selling their digital assets.