Amidst the recent crypto market crash, Relai, the savings and investment app, has confirmed it has plans to launch a Bitcoin debit card.
The Bitcoin savings app is currently raising via Crowdcube, where it hit its target of €1.5million just two hours after going live. Since then, the Crowdcube community has jumped at the opportunity to invest, with more than €2million invested with three weeks left to run on the raise.
With a mission to make Bitcoin investment and saving possible for everyone, everywhere, Relai hopes that a Bitcoin debit card will help advance making the digital assets and all cryptocurrencies more mainstream.
The proposed debit card will unlock Bitcoin for its users via every purchase, meaning Relai-ers can build their Bitcoin holding as they go about their day-to-day life.
Relai is already advancing its roadmap for the card, and it could be available to its users as soon as this year.
Founded by Julian Liniger and Adem Bilican, Relai is headquartered in Switzerland. Since its launch in 2020, Relai has gone from strength to strength, and currently boasts more than 24,000 active users across Europe.
Crowdcube investors can invest from as little as €10, and will receive common shares in the business. Investors will receive an update on the company’s performance every quarter. Investors can invest here, the round will close w/c 30 May.
In addition, Relai is giving those who invest €5,000 or more zero per cent fees on transactions on the Relai app.
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.”