Relai, a savings and investment app, announced on Thursday that it plans to launch a Bitcoin (BTC) debit card. According to the press release, the Bitcoin savings app is raising funds through Crowdcube, where it has already hit its EUR 1.5 million goal two hours after it went live. Over EUR 2 million has been invested by the Crowdcube community since then, with three weeks to go in the campaign.
Users of the proposed debit card will be able to purchase bitcoins with every purchase, meaning that they can build their Bitcoin holding as they go about their daily lives. There is already progress on Relai’s roadmap for the card, and it could be available as early as this year.
“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,” Julian Liniger, CEO and Founder of Relai, commented.
Relai was founded in Switzerland by Julian Liniger and Adem Bilican. Relai has grown from strength to strength since its launch in 2020 and has over 24,000 active users across Europe.
Also, a Crowdcube investor can invest as little as EUR 10 and receive common shares in the business. Investors will receive quarterly updates regarding the performance of the business. Additionally, Relai will waive transaction fees for those who invest EUR 5,000 or more.
Nexo Crypto Card
Recently, Nexo introduced the Nexo Card, its first crypto-backed card powered by Mastercard in select European markets. With its partnership with Mastercard and DiPocket, the company gives its users access to crypto-powered liquidity across 92 million merchant sites globally.
Nexo Card is marketed as the first card in the world that allows users to spend without selling their digital assets.
