Bitcoin Libre utilizes a proof of stake blockchain to enable instant, fee-free transactions of wrapped Bitcoin and Tether, allowing users to send and receive cryptocurrency globally within seconds. The platform also offers a low-cost trading option with a 0.1% fee, addressing the need for fast and affordable cryptocurrency exchanges.
Funding
$1.4M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
High fees and slow transaction times on the Bitcoin network limit its usability for everyday transactions, while centralized exchanges introduce custodial risks and regulatory hurdles. Existing solutions for faster Bitcoin transfers often rely on complex technologies or trusted intermediaries.
Solution
Bitcoin Libre is a platform that enables near-instant, fee-free transfers of wrapped Bitcoin (wBTC) and Tether (USDT) using a proof-of-stake blockchain. Users can send and receive cryptocurrency globally within seconds and easily unwrap wBTC to send it to any Lightning address or on-chain Bitcoin address. The platform also provides a low-cost trading option with a 0.1% fee for fast and affordable cryptocurrency exchanges.
Target Audience
Bitcoin Libre targets individuals seeking fast, low-cost Bitcoin transactions and traders looking for an alternative to traditional cryptocurrency exchanges.
Features
- Instant, fee-free transactions of wrapped Bitcoin and Tether
- Wrapped Bitcoin can be unwrapped and sent to any lightning address, or on-chain BTC
- Low-cost trading option with a 0.1% fee
- Daily opportunity to win free Bitcoin (satoshis) via a "Spin the Wheel" feature
- User-friendly mobile app interface for easy navigation and account management