JAN3 joins technology companies and publicly listed companies in fully adopting Bitcoin and expanding its adoption. The company shared on its blog that it had raised this $5 million in fundswhich it plans to use to develop and expand its AQUA portfolio.
Popular investors, including Tether and Fulgure Ventures, are backing the company’s initiative to help expand Bitcoin’s use cases. It aims to address the scalability of cryptocurrencies and expand their adoption, especially in regions with limited or no access to financial services.
JAN3’s investment in this portfolio reflects the growing demand for financial instruments linked to Bitcoin. The project also highlights the value of layer 2 technologies such as the Lightning Network.
Accessible financial service
According to the company’s project outline, it aims to create an accessible financial service and instrument. JAN3 refers to aqua wallet, Which allows users to hold Tether and Bitcoin on Later 2 solutions, allowing them to manage these digital assets directly. Since holders have direct access to digital assets, they can promote cheaper and faster transactions, thus addressing Bitcoin’s scalability problem.
The company also shared that it will add other financial services to the wallet, such as loans, card payments, and buying and selling Bitcoin options, to cover daily needs. Currently, JAN3 is collaborating with the Government of El Salvador to develop Bitcoin City and strengthen its digital financial systems.
JAN3 project with El Salvador It reflects the growing importance of Bitcoin in the Latin American economy, where access to financial services remains an issue for many.
JAN3 seed round receives backing from Fulgur Ventures
JAN3’s seed round has attracted the attention of several popular cryptocurrency companies, including Tether, Lightning Ventures, Fulgur Ventures, and Grupo Salinas. In a statement, JAN3 said it is honored by these companies’ participation and that their support reflects the growing importance of top digital assets.
BTC market cap currently at $1.96 trillion. Chart: TradingView.com
The participating companies also shared their enthusiasm and satisfaction with the project. According to Oleg Mikhalsky of Fulgur Ventures, they support JAN3’s vision for the future of Bitcoin. He added that they are confident about the project, which can improve Bitcoin adoption and the Liquid Network ecosystem.
JAN3 is looking for partners who share their vision
In the same blog post, JAN3 added that they are not just looking for capital. Ultimately, they are looking for partners who share their mission and can help them with their expansion plans in Asia and Latin America. Grupo Salinas is the company’s partner in Latin America, the same group that controls TV Azteca, Elektra and Banco Azteca.
In Asia, JAN3 is collaborating with East Ventures. The company is investing in Japan and Indonesia and helping boost Bitcoin adoption in the region. In addition to these regional companies, JAN3 also works with Tether. By combining the ease of use of AQUA Wallet with the Tether network, it aims to bring digital assets and financial inclusion to as many people as possible.
Featured image by Dall-E, chart from TradingView
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