As a seasoned crypto investor with a knack for spotting promising startups, I find the news about Bleap particularly intriguing. Having navigated the volatile waters of the crypto market since its inception, I’ve witnessed firsthand the struggles of finding seamless solutions to spend cryptocurrencies without hefty conversion fees. The fact that Bleap is backed by industry heavyweights like Ethereal Ventures and has a valuation of $10 million speaks volumes about its potential.
The cryptocurrency venture known as Bleap, established by former Revolut team members, has secured a funding of approximately $2.3 million with the aim of facilitating seamless spending of digital currencies using debit cards.
UK-based blockchain company Bleap, which develops a debit card that connects to digital wallets, has secured $2.3 million in preliminary funding, with Ethereal Ventures leading the round. Additional investors include Maven11, Alliance DAO, Robot Ventures, Credibly Neutral, and individual investors. This new investment brings Bleap’s valuation to a total of $10 million.
We’ve secured $2.3 million in preliminary funding to construct Bleap – a bank based on blockchain technology! 🚀
The fundraising round was spearheaded by EtherealVC, with contributions from Maven11Capital, Alliancedao, RobotVentures, CrediblyNeutral, and several other esteemed investors who align with our vision of enhancing finance through a more advanced system like the blockchain.
— Bleap | web3 card 💳 (@BleapApp) November 28, 2024
Bleap’s card linked to Mastercard lets users spend stablecoins without conversion fees and offers up to 2% cashback. From the on-chain perspective, the startup leverages Arbitrum (ARB), an Ethereum layer-2 solution, as well as multi-party computation for wallet access.
Bleap to expand services under MiCA regulations
Established by Joao Alves and Guilherme Gomes, Bleap is recognized as a provider of virtual asset services based in Poland. This innovative company has ambitious expansion plans under the MiCA regulations across Europe and aims to break into Latin America by 2025. At the moment, Bleap is in its beta phase, with an anticipated full launch set for Q1 2025, followed by the release of tokens in 2026.
Starting in September, Mastercard announced that European cryptocurrency users can now use Bitcoin (BTC) and other digital tokens kept in self-managed wallets with the newly introduced Spend debit card. This card, developed in collaboration with crypto payment provider Mercuryo, is connected to an account denominated in euros, allowing users to make purchases for products and services at over 100 million merchants globally.
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2024-11-28 16:51