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Former Revolut executives have successfully raised $2.3 million in pre-seed funding for their new venture, Bleap, a self-custodial payments application. The funding round was led by Ethereal Ventures. Bleap aims to provide users with the ability to spend stablecoins using linked debit cards, offering fee-free on/off ramps and annual percentage yields (APYs) of up to 13.2%. The app is currently in beta on the Arbitrum One network and is designed to facilitate global money transfers directly from users' crypto wallets without incurring conversion fees. Bleap is also onboarding European users and plans to expand globally.
The savings on stablecoin transactions continue with @fizenapp! Soon you'll pay ZERO gas fees & platform fees that allow you to shop, travel, and connect globally with $USDT š¤© Learn more below š https://t.co/8oWI5Y62v7
š @BleapApp Beta is Live on @Arbitrum One! š š° Spend crypto directly from your non-custodial wallet ā no fees, no conversions, no spreads. š Buy, sell, and spend stablecoins 1:1. š #Bleap is now onboarding European users, with global expansion on the horizon! š½ā¦ https://t.co/Qu95QDzU3O
Congrats to @BleapApp (ALL11) on their $2.3M raise! Bleap lets you send money globally, spend money with a debit card, and earn yield on your money, directly from your crypto wallet. https://t.co/n8w7q0d5R7