Bringin is a mobile application that enables users to spend Bitcoin instantly and securely from any wallet by generating one-time virtual debit cards and facilitating instant SEPA transfers to Euros. This service addresses the challenge of converting Bitcoin to fiat currency without the need for custody, ensuring safe transactions through dedicated IBANs for each user.
Funding
Funding not disclosed
Founders
Product
Problem
Converting Bitcoin to fiat currency often involves custodial exchanges, creating security risks and potentially leading to account блокировки. Existing solutions may lack user-friendliness or require users to relinquish control of their Bitcoin.
Solution
Bringin enables users to spend and sell Bitcoin instantly from any wallet by generating one-time virtual debit cards and facilitating instant SEPA transfers to Euros. By paying a Lightning invoice, users can create a virtual debit card for online purchases or initiate a SEPA transfer to their bank account. Bringin does not take custody of user's Bitcoin; instead, it acts as a tool to convert Bitcoin from a wallet that the user controls. Each user receives a dedicated IBAN associated with their account, ensuring safe and trustworthy fund transfers.
Target Audience
Bringin primarily targets Bitcoin users in Eurozone countries who seek a non-custodial, fast, and secure method to convert their Bitcoin into Euros for online spending or bank transfers.
Features
- Generates one-time usable virtual debit cards via Lightning Network payments.
- Facilitates instant SEPA transfers from any Bitcoin wallet to a user's bank account.
- Provides each user with a dedicated IBAN for secure and reliable Euro transfers.
- Supports spending Bitcoin from various wallets, including Bluewallet, Ledger, and Breez wallet.
- Offers fast conversion of Bitcoin to Euros, with transfers completed in under a minute.
- Charges a flat 1% fee on every transaction with no hidden fees or markups.
- Requires a simple KYC verification process.