Bringin, a Bitcoin financial services platform based in Estonia, has officially launched its comprehensive Bitcoin-to-euro solution after an 18-month beta phase during which nearly 1,000 early users transacted over €6 million. The platform seeks to connect Bitcoin self-custody with everyday financial requirements for users in the eurozone.
The launch tackles persistent issues faced by Bitcoin holders in Europe, especially the challenges of converting and spending Bitcoin for daily transactions. Bringin’s solution merges self-custodial Lightning Network features with conventional financial services, allowing users to handle both Bitcoin and euro transactions within a single app.
Notable features of the platform include direct on-ramping to self-custody, Bitcoin-to-euro conversions via on-chain transactions (11 minutes) or Lightning Network transactions (5 seconds), and personal virtual IBAN accounts for each user. Customers can also access both virtual and physical Visa debit cards with no transaction fees, facilitating Bitcoin spending wherever Visa is accepted.
The platform’s integrated system enables users to conduct large Bitcoin-to-euro conversions exceeding 1 BTC, making it ideal for significant purchases such as vehicles or real estate. Additionally, it simplifies compliance and banking relationships through its distinct virtual IBAN system, addressing common challenges Bitcoin users face regarding banking restrictions or compliance issues.
Bringin’s solution stands out for its built-in Lightning Network wallet, eliminating the necessity for users to manage external wallets. This integration enhances the Bitcoin experience for both seasoned users and newcomers, offering a comprehensive suite of Bitcoin-related financial services in a single application.
The platform’s automated conversion features allow users to preserve their Bitcoin holdings while managing daily expenses through the Visa debit card. This functionality enables users to effectively “live the standard” while retaining practical access to the traditional financial infrastructure.
“Lightning is the fastest payment network on the planet, and we built Bringin on it from the very start,” remarked Prashanth Chandrashekar, Co-founder & CEO/CTO of Bringin. “Seamless transitions from self-custody to your bank account make living on superior money a reality – money that can’t be devalued and that you actually control.”
The launch marks a significant advancement in facilitating the practical use of Bitcoin in everyday life in Europe, merging the advantages of self-custody with the ease of traditional banking services. The platform is now available for download on both Android and iPhone devices, offering eurozone residents a fresh approach to integrating Bitcoin into their daily financial routines.
This development occurs at a time when the demand for seamless Bitcoin-to-fiat solutions is rising in Europe, particularly among users who prefer to self-custody their Bitcoin while retaining easy access to traditional financial systems.
