JAN3 joins tech and publicly listed firms in fully adopting Bitcoin and expanding its adoption. On its blog, the corporate shared that it has raised $5 million in funds, which it plans to make use of to develop and expand its AQUA Wallet.
Popular investors, including Tether and Fulgure Ventures, support the corporate’s initiative to assist expand Bitcoin’s use cases. It goals to deal with the crypto’s scalability and expand its adoption, particularly in regions with limited or no access to financial services.
JAN3’s investment on this wallet reflects the growing demand for financial tools linked to Bitcoin. The project also highlights the worth of Layer 2 technologies just like the Lightning Network.
Accessible Financial Service
In response to the corporate’s project blueprint, it goals to create an accessible financial service and gear. JAN3 refers to its AQUA Wallet, which allows users to carry Tether and Bitcoin on Later 2 solutions, allowing them to administer these digital assets directly. Since holders have direct access to digital assets, it may promote cheaper and faster transactions, thus addressing BTC scalability issue.
The corporate also shared that it’s going to add other financial services to the wallet, similar to loans, card payments, and buying and selling BTC options, to cover day by day needs. Currently, JAN3 is collaborating with the federal government of El Salvador to develop its Bitcoin City and boost its digital financial systems.
JAN3’s project with El Salvador reflects the growing importance of Bitcoin within the economy of Latin America, where access to financial services stays an issue for a lot of.
JAN3 Seed Round Gets Tether, Fulgur Ventures Backing
JAN3’s seed round attracted the eye of many popular crypto firms, including Tether, Lightning Ventures, Fulgur Ventures, and Grupo Salinas. In a press release, JAN3 said that they’re honored by these firms’ participation and that their support reflects the highest digital asset’s growing importance.
BTC market cap currently at $1.96 trillion. Chart: TradingView.com
The participating firms also shared their excitement and satisfaction with the project. In response to Oleg Mikhalsky of Fulgur Ventures, they support JAN3’s vision for the longer term of Bitcoin. He added that they’re confident concerning the project, which might improve the adoption of Bitcoin and the Liquid Network ecosystem.
JAN3 Looks For Partners That Share Their Vision
In the identical blog post, JAN3 added that they aren’t just in search of capital. Ultimately, they’re in search of partners who share their mission and will help them with their expansion plans in Asia and Latin America. Grupo Salinas is the corporate’s partner in Latin America, and it is similar group that controls TV Azteca, Elektra, and Banco Azteca.
In Asia, JAN3 partners with East Ventures. The corporate invests in Japan and Indonesia and helps boost Bitcoin adoption within the region. Along with these regional firms, JAN3 also works with Tether. Combining its AQUA Wallet’s usability with Tether’s network, it goals to bring digital assets and financial inclusion to as many individuals as possible.
Featured image from Dall-E, chart from TradingView