“`html
Bringin, a Bitcoin financial services platform based in Estonia, has declared the complete launch of its extensive Bitcoin-to-euro offering, after an 18-month testing phase in which around 1,000 initial users transacted more than €6 million. The platform seeks to connect Bitcoin self-custody with everyday financial requirements for individuals in the eurozone.
The introduction tackles persistent issues faced by Bitcoin holders in Europe, especially the challenges in converting and utilizing Bitcoin for routine purchases. Bringin’s solution merges self-custodial Lightning Network capabilities with conventional financial services, enabling users to oversee both Bitcoin and euro transactions within a single application.
Prominent features of the platform encompass direct on-ramping to self-custody, Bitcoin-to-euro conversions via on-chain (11 minutes) or Lightning Network (5 seconds) transactions, along with personal virtual IBAN accounts for every user. Users can obtain both virtual and physical Visa debit cards with no transaction fees, permitting Bitcoin expenditure wherever Visa is recognized.
The platform’s integrated methodology enables users to manage considerable Bitcoin-to-euro conversions surpassing 1 BTC, making it appropriate for significant purchases like vehicles or real estate. The service also facilitates compliance and banking interactions through its specialized virtual IBAN system, addressing a frequent issue for Bitcoin users who often encounter banking limitations or compliance hurdles.
Bringin’s solution is especially remarkable for its integrated Lightning Network wallet, removing the necessity for users to oversee external wallets. This integration simplifies the Bitcoin experience for both seasoned users and novices, delivering a complete array of Bitcoin-centric financial services within a solitary application.
The platform’s automatic conversion functionalities allow users to retain Bitcoin assets while managing daily expenses via the Visa debit card system. This feature enables users to effectively “live the standard” while preserving practical access to the conventional financial infrastructure.
“Lightning is the fastest payment network on Earth, and we built Bringin on it from day one,” stated Prashanth Chandrashekar, Co-founder & CEO/CTO of Bringin. “Seamlessly moving from self-custody to your bank account makes living on superior money possible – money that cannot be devalued, that you genuinely control.”
The launch signifies a considerable advancement in rendering Bitcoin more functional for everyday applications in Europe, amalgamating the advantages of self-custody with the ease of conventional banking services. The platform is now accessible for download on both Android and iPhone devices, providing eurozone residents a fresh method to incorporate Bitcoin into their daily financial routines.
This progression occurs at a moment when the demand for seamless Bitcoin-to-fiat solutions continues to escalate in Europe, particularly among users who prefer to self-custody their Bitcoin while ensuring easy access to the traditional financial framework.
Source link
“`
