- Relai, a European bitcoin savings application, is planning to release a bitcoin debit card.
- The company started crowdfunding through Crowdcube and reached over $1.5 million within the first two hours.
- Currently Relai has raised over $2 million and still has 30 days left for the funding round and is offering investor incentives.
Relai is currently using the crowdfunding platform Crowdcube where it has already hit its target of $1.5 million, only two hours after going live. Since then, over $2 million has been raised with another three weeks left before the funding round ends.
“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,” said Julian Liniger, CEO and founder of Relai.
Relai is hopeful that the debit card will be launched later this year and early investors participating in the Crowdcube can invest as little as €10 ($10.41). Should investors want a larger allocation to Relai, not only will the investors receive common shares of the company, but they will also receive 0% transaction fees.
Investing roughly $5,000-$9,999 will earn 0% transaction fees on Relai for 3 months, $10,000-$19,999 will get six months of 0% transaction fees, and $20,000+ will benefit from 0% transaction fees for 12 months.
“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,” said Liniger.
Source: Bitcoin Magazine