Uncustodial debit card startup Bleap receives $2.3m headed by Revolut alumni

By The Neath | The Darkside Of Crypto | 28 Nov 2024

Bleap, formed by ex-Revolut workers, raised $2.3 million to simplify crypto debit card use.

According to an X release on Nov. 28, U.K. blockchain company Bleap acquired $2.3 million in pre-seed investment led by Ethereal Ventures to construct a wallet-connected debit card. Other supporters include Maven11, Alliance DAO, Robot Ventures, Credibly Neutral, and angel investors. With finance, the company was worth $10 million.

The Mastercard-linked Bleap card enables users spend stablecoins without conversion costs and earn 2% cashback. The firm uses Arbitrum (ARB), an Ethereum layer-2 solution, and multi-party computation for wallet access on-chain.

Polish virtual asset service business Bleap was founded by Joao Alves and Guilherme Gomes. The business intends to penetrate Latin America by 2025 under European MiCA standards. Bleap plans a token deployment in 2026 and a complete launch in Q1 2025 from beta.

Mastercard released the Spend debit card in September to allow European crypto customers spend Bitcoin (BTC) and other tokens in self-custodial wallets. The card, created with crypto payments company Mercuryo, is linked to a euro-denominated account and can be used at over 100 million shops globally.

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The Neath

Since I have been interested in crypto since 2020.I give back to the internet what I learned from the internet

The Darkside Of Crypto

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