Holyheld raises funding to launch blockchain reconciliation and remittance record

December 05, 2024 06:01 AM PST | By Invezz

Holyheld raises funding to launch blockchain reconciliation and remittance record — Image source: Invezz

Bringing self-custody to everyday spending

BRRR’s protocol is used to power Holyheld’s app, a leader in the European market in the segment of Web3 payments apps, which offers a cash account with a debit card available to residents of 30 European countries.

Users of the Holyheld app can connect any self-custody wallet and use their cryptocurrency for daily purchases.

This enables traditional consumer behaviors, like swiping or tapping a credit card or mobile device for payment, while users maintain self-custody of their funds.

“This funding is an essential step as we work towards our vision of enabling crypto customers and fintechs to build new payment settlement and reconciliation solutions using crypto,” Dr. Anton Zagorodnikov, Holyheld co-founder and CTO, added.

The new funding will allow Holyheld to continue expanding the protocol to more clients and payment networks globally.

Holyheld’s impressive transaction volume

Holyheld has integrated over one hundred leading crypto protocols across 15 blockchain networks.

The company’s BRRR has also orchestrated over $100M in volume since its launch in April of 2023.

“Holyheld turns any self-custody wallet into a personal IBAN and a debit card, which enables users to have a frictionless digital wallet experience,” said Chris Abshire, principal, Toyota Ventures.

We are excited to work with Holyheld’s team as they build the leading on-chain clearing house.

To learn more about Holyheld, users can visit https://holyheld.com/ or https://holyheld.com/BRRR

About Holyheld

Founded in 2022, Holyheld is committed to enabling crypto customers and fintech to build new payment settlement and reconciliation solutions using stablecoins.

With offices in Zug, Switzerland and Vilnius, Lithuania, the company’s first product is a Web3 debit card that allows users to make traditional payments with digital assets.

Holyheld’s Blockchain Reconciliation and Remittance Record (BRRR) protocol enables consumers who are invested in blockchain-related assets to have significant purchasing power in the real world. To learn more about Holyheld, users can visit https://holyheld.com/ or https://holyheld.com/BRRR.

Contact

Holyheld Labs
[email protected]

The post Holyheld raises funding to launch blockchain reconciliation and remittance record appeared first on Invezz

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations, and video (Content) is a service of Kalkine Media LLC., having Delaware File No. 4697309 (“Kalkine Media, we or us”) and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media.
The content published on Kalkine Media also includes feeds sourced from third-party providers. Kalkine does not assert any ownership rights over the content provided by these third-party sources. The inclusion of such feeds on the Website is for informational purposes only. Kalkine does not guarantee the accuracy, completeness, or reliability of the content obtained from third-party feeds. Furthermore, Kalkine Media shall not be held liable for any errors, omissions, or inaccuracies in the content obtained from third-party feeds, nor for any damages or losses arising from the use of such content. Some of the images/music that may be used on this website are copyrighted to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures/music displayed/used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it, as necessary.
This disclaimer is subject to change without notice. Users are advised to review this disclaimer periodically for any updates or modifications.