Estonia-based Bitcoin financial services platform Bringin has announced the full release of its comprehensive Bitcoin-to-Euro solution after an 18-month beta testing period in which around 1,000 initial users traded over 6 million euros. The platform aims to bridge the gap between Bitcoin self-custody and the everyday financial needs of users in the euro area.
This launch addresses long-standing challenges that Bitcoin holders in Europe have been facing for years, particularly the difficulty in converting and using Bitcoin in everyday transactions. Bringin’s solution combines self-custodial Lightning Network capabilities with traditional financial services, giving users the ability to manage both Bitcoin and Euro transactions within a single application.
Key features of the platform include direct on-ramp to self-custody, Bitcoin to Euro conversion via on-chain (11 minutes) or Lightning Network (5 seconds) transactions, and a personal virtual IBAN account for each user. Users can access both virtual and physical Visa debit cards with no transaction fees, allowing them to spend their Bitcoin anywhere Visa is accepted.
The platform’s integrated approach allows users to process significant Bitcoin to Euro conversions of more than 1 BTC, making it suitable for large-ticket purchases such as vehicles and real estate. The service also simplifies compliance and banking relationships through a dedicated virtual IBAN system, addressing common pain points for Bitcoin users who frequently face banking restrictions and compliance challenges.
Bringin’s solution is particularly notable for its built-in Lightning Network wallet, which eliminates the need for users to manage external wallets. This integration streamlines the Bitcoin experience for both experienced users and beginners, providing a complete suite of Bitcoin-based financial services within a single application.
The platform’s automatic conversion feature allows users to maintain their Bitcoin holdings while handling their daily expenses through the Visa debit card system. This feature allows users to effectively “practice the standard” while maintaining substantial access to the traditional financial system.
“Lightning is the fastest payments network on the planet, and we built Bringin on top of it from day one,” said Prashanth Chandrashekar, co-founder and CEO/CTO of Bringin. “By seamlessly transitioning from self-management to bank accounts, you can live with better money – money you can actually control and not inflate.”
This launch represents a significant step forward in making Bitcoin more practical for everyday use in Europe, combining the benefits of self-custody with the convenience of traditional banking services. The platform is now available for download on both Android and iPhone devices, offering eurozone residents a new way to incorporate Bitcoin into their daily financial lives.
This development comes as demand for seamless Bitcoin-to-fiat solutions continues to grow in Europe, particularly among users who prefer to self-custody their Bitcoin while maintaining easy access to traditional financial systems.
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