founder: Prashanth Chandrashekar
Foundation date: March 2023
Headquarters Lithuania
Number of employees: 3 full -time, 3 contract workers
Website: https://bringin.xyz/
General or private? private
with BringNow it is easier than ever to live on the bitcoin standard in Europe.
The web app (and the mobile phone app that will soon be released) enable users to immediately convert Bitcoin from a basic chain or Lightning to the Visa Visa deduction card that can be used wherever the visa is accepted.
Bringin Prashanth Chandrashekar founded the product after he struggled to turn bitcoin into the euro.
“Two years ago while living in Estonia, I used to receive Bitcoin’s salaries, and it took nearly four days to liquidate Bitcoin and get the euro in a rebellion for his spending,” Chandrachicar told Bitcoin.
(The author note: When Chandrashekar uses the term “filter”, it indicates the conversion of Bitcoin into Fiat.)
For this reason I wanted to create a tool that allows users to liquidate Bitcoin. I think Bitcoin’s liquidation immediately and the ability to use Bitcoin is one of the main factors for Bitcoin’s value in the world today. “
What Chandrachickar built and his team is comparable to a service like Bitrefill, although it is more dynamic, and has more capabilities.
How Bringin works
Bringin works in all countries that use the euro, and allows users to convert Bitcoin into the Lightning portfolio into the euro in less than a minute. (The transactions on the chain take a longer time, about 10 minutes, as it should be confirmed on Blockchain.)
To convert the most efficient bitcoin to the euro, users simply pay the Lightning invoice in the amount of the euro they want on their virtual discount card and this euro is available for spending shortly after.
At the back interface, the process appears like: Bring the problems of each of its users in IBAN (International Banking Account No.). Then this number is used to interact with Sepa The system, which enables users in the euro area to pay the non -cash euro payments.
Use SEPA instant credit transfersWhich enables the transmission of up to 15,000 euros in less than 10 seconds, in conjunction with lightning payments, users can convert bitcoin to the euro at almost any time.
Candrashekar explained how quickly this happens in a modern x post:
I just booked a taxi with SAT on my country Talby node!
Use Bringinxyz Discount card!
Live on the bitcoin standard is not easier than now!
Request for yourself today! You will get access in days.
Link 👍 pic.twitter.com/flihbs6z6j
– Prashanth (@Prashanthc123) January 31, 2025
Users should go through the KYC process to use the service, although bringing users’ money never saves, which means that users can choose to use Bitcoin or Lightning of lightning portfolios.
You can use your alby center and filter directly in the discount card using Nostr Wallet Connect (NWC)Chandrashikar explained. “We have created a direct link between the self -monopoly portfolio and your bank account.”
The way to bring it
Chandrashekar began developing Bringin in September 2022 (though, it was not integrated until March 2023).
Before working on this product, it was working before now PlotWhich aims to solve a similar problem.
“We were building requests for consumer payment to Europe,” said Chandrachicar. “The application allowed users to buy Bitcoin immediately, create and receive lightning payments, and we have also shipped the MasterCard discount card that can be funded through lightning transactions.”
Chandrashekar participated that the project has been canceled, though, due to a number of difficulties.
“Unfortunately, we could not expand the scope of service,” he said. “We were very early, and there were many obstacles to compliance.”
Not wanting to give up the creation of a product like a Lastbit, moverashekar moved to Estonia with some members of the Cress team, got the appropriate licenses and started construction.
“The construction of the consumer application has been identified to being more than one infrastructure company, which provides links to tools for other companies to build on it,” said Chandrachikar.
So, at that time, I was still working with the company and helping them in infrastructure, but I felt the need to build a consumer product that allows people to do what was aimed in initially to achieve it. “
“Therefore, I jumped and started my own project to help consumers and other bitcoin who faced a problem like me.”
The third generation exchange
Bringin is not only a bitcoin outside the slope, but also works on the slope.
“Users can use lightning addresses to buy Bitcoin,” explained Chandrashekar. “Today, you can go to bring, enter” 10 euros “,” Prashant@alby.com “, and” Send money “and appear SAT in Alby Hub.”
(Users can contact any wallet that supports NWC. WalletIt intends to expand their integration, according to Candrachicar.)
Since Bringin can facilitate these types of non -welded transactions between the non -guardian conservative, banking and traditional payment bars, Chandrashekar is its perception brings the “third generation” books.
“There were multiple generations of exchanges,” it started.
“Originally, we saw all types of stock exchanges where you put a specific order, check the request book and make a purchase. This has evolved into a mobile portfolio like Venmo, which is Custodial, where you immediately switch Bitcoin. This was the second generation of stock exchanges.”
“Bringin is an exchange of the third generation, because it is not a solution to caution as it puts the money and then exchanges it and the bitcoin remains in the custody of the stock exchange. It is not only allowed to switch immediate, but also takes care of the movement of funds from the banking system to bitcoin networks and lightning networks.”
Bringin Road Map
To move forward, Chandrashekar plans to simplify the processes of bringing its operations while expanding the services provided by the platform.
Currently, Bringin works with a partner company to issue and manage debit cards, but Chandrashekar wants to change this.
“For the time time, we are a distributor and technology provider, and we do not have a direct partnership with Visa, so we are half of our human discount cards,” explained by Chandrachicar. “But we eventually want to get our direct partnership with Visa.”
Candrashekar also looks to run more merchants, because the company makes it easy for companies to start employing Bringin.
“We have integration with BTCPAY Service and Opago paymentChandrachikar said. “Traders can get Bitcoin payments and turn part of it immediately or pay fully to the euro via the Bringin IBAN account.”
Chandrashekar works on Partner Bringin with Bitcoin borrowing and lending platform.
He explained that “the intention here is that users can provide bitcoin as guarantee and receive loans in the euro,” adding that most borrowing and lending services in Bitcoin only provide loans in US dollars or the US dollar.
Besides these plans, Chandrashekar is still excited to continue to improve the fetch technology.
“You need to get Bitcoin in your favorite wallet, and there is a great deal of friction there,” he said. “Our intention is to get bitcoin for everyone by allowing users to obtain bitcoin directly in their selection portfolio without friction at all, directly from the bank.”