- Relai, a European bitcoin savings app, is planning to release a bitcoin debit card.
- The company started crowdfunding through Crowdcube and raised over $1.5 million within the first two hours.
- Currently, Relai has raised over $2 million and has 30 days left in the funding round and offering investor incentives.
Relai, a bitcoin-focused savings app, has announced plans for a bitcoin debit card that will allow users to earn BTC with purchases.
Relai is currently using crowdfunding platform Crowdcube, where it has already met its $1.5 million goal just two hours after going live. Since then, over $2 million has been raised with three weeks remaining before the funding round closes.
“It was amazing to welcome hundreds of investors to the table and given the early success of the capital raise, we have already been able to move forward with our product roadmap plans,” said Julian Liniger, CEO and Founder of Relai.
Liniger continued, “We are excited to continue developing our bitcoin debit card, which would give holders the ability to grow their bitcoin holdings with every purchase they make.”
Relai hopes the debit card will launch later this year and early investors participating in the Crowdcube will be able to invest as little as €10 ($10.41). Should investors desire a larger allocation to Relay, investors will receive not only common shares of the company, but also 0% transaction fees.
Investing around $5,000-$9,999 will get you 0% transaction fees for 3 months on Relai, $10,000-$19,999 will get six months of 0% transaction fees, and over $20,000 will get 0% transaction fees for 12 months.
“Bitcoin is fast becoming mainstream, and through innovations like this we will continue to play a key role at a pivotal time for the original cryptocurrency,” Liniger said.