Two former Revolut employees have secured $2.3 million in
pre-seed funding to build Bleap, a self-custodial stablecoin app with an
accompanying debit card.

Meanwhile, Revolut is expanding its crypto platform, Revolut
X, to 30 additional European Economic Area markets, providing access to over
200 tokens. The company is also strengthening its mergers and acquisitions
team, indicating a potential focus on business acquisitions.

Bleap Supports Multi-Currency Accounts, Savings

The funding round valued Bleap at $10 million before
investment and was led by Ethereal Ventures, with participation from Maven11,
Alliance DAO, Robot Ventures, and angel investors from Revolut, Phantom, and
Consensys.

Bleap offers a self-custodial wallet integrated with a
Mastercard debit card, enabling users to spend stablecoins without conversion
fees. The app supports multi-currency accounts with savings rates significantly
higher than traditional banks.

Users can add stablecoins from external wallets
or purchase them using fiat. It also allows fee-free crypto on- and
off-ramping. Since funds are stored directly on the blockchain, users maintain
24/7 access to their assets.

Founded by Joao Alves and Guilherme Gomes, both ex-Revolut
employees, Bleap is incorporated in the UK and Poland and is registered as a
Virtual Asset Service Provider (VASP) in the EU. The app is in beta testing
with select European users, with a full public launch expected in Q1 2025.

“We wanted an app that combines blockchain’s power with the
best of banking,” said Alves, who previously led Revolut’s Card Programme.

🔥 @BleapApp raises $2.3M in a Pre-Seed funding round #Bleap secures $2.3M in a Pre-Seed funding round led by @etherealvc, with participation from @Maven11Capital, @AllianceDAO, @RobotVentures and @CrediblyNeutral. Bleap will utilize secured funds to help develop the… pic.twitter.com/qFhd9yHSyv

— PHOENIX – Crypto News & Analytics (@pnxgrp) November 28, 2024

Revolut X Cryptocurrency Exchange Expands Across EEA

Revolut
has announced the expansion of its cryptocurrency exchange platform, Revolut X,
to 30 new markets across the European Economic Area (EEA). This follows the
earlier launch of Revolut X in the United Kingdom, where the platform has
gained significant traction.

As reported by Finance
Magnates, the exchange provides users access to over 200 digital tokens
with competitive pricing, including zero fees for limit orders and a 0.09% fee
for market orders.

This article was written by Tareq Sikder at www.financemagnates.com.

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