CRYPTO NEWS

Swiss Exchange Relai To Release A Bitcoin Debit Card

Relai, a savings app focused on bitcoin, is crowdfunding through Crowdcube to launch a bitcoin debit card.

  • Relai, a European bitcoin savings application, is planning to release a bitcoin debit card.
  • The company started crowdfunding through Crowdcube and reached over $1.5 million within the first two hours.
  • Currently Relai has raised over $2 million and still has 30 days left for the funding round and is offering investor incentives.

Relai, a bitcoin-focused savings investment app, has announced plans for a bitcoin debit card that will allow users to earn BTC with purchases.

Relai is currently using the crowdfunding platform Crowdcube where it has already hit its target of $1.5 million, only two hours after going live. Since then, over $2 million has been raised with another three weeks left before the funding round ends.

“It’s been amazing to welcome hundreds of investors to the table, and given the early success of the raise we’ve been able to advance our product roadmap plans already,” said Julian Liniger, CEO and founder of Relai.

Liniger continued to say “We’re excited to progress our bitcoin debit card, which would give holders the opportunity to grow their bitcoin holding with every purchase they make.”

Relai is hopeful that the debit card will be launched later this year and early investors participating in the Crowdcube can invest as little as €10 ($10.41). Should investors want a larger allocation to Relai, not only will the investors receive common shares of the company, but they will also receive 0% transaction fees.

Investing roughly $5,000-$9,999 will earn 0% transaction fees on Relai for 3 months, $10,000-$19,999 will get six months of 0% transaction fees, and $20,000+ will benefit from 0% transaction fees for 12 months.

“Bitcoin is rapidly transitioning to the mainstream, and through innovation like this we’ll continue to play a key role during what is a pivotal time for the original cryptocurrency,” said Liniger. 

‘Bitcoin To Fly’ As UAE’s Largest Airline Emirates Embraces BTC Payments

Emirates, the biggest airline carrier for the United Arab Emirates (UAE) has announced plans to add “bitcoin as a payment service.” Speaking at the Arabian Travel Market in Dubai, the airline’s Chief Operating Officer (COO) Adel Ahmed Al-Redha stated that they would soon be rolling out a Metaverse and Non-Fungible Tokens (NFTs), a local media::Listen

Popular Show South Park Predicts Bitcoin As The Only Acceptable Means Of Payment In The Future

Emirates, the biggest airline carrier for the United Arab Emirates (UAE) has announced plans to add “bitcoin as a payment service.”

Speaking at the Arabian Travel Market in Dubai, the airline’s Chief Operating Officer (COO) Adel Ahmed Al-Redha stated that they would soon be rolling out a Metaverse and Non-Fungible Tokens (NFTs), a local media house reported on May 13.

The plan according to Mr. Ahmed was to place Emirates at the front of the disruptive blockchain technology, while at it, connecting with customers faster and in a more flexible way. The airline would thus start hiring new staff for its metaverse and NFTs division to help in the monitoring and improvement of customer services.

“With the metaverse, you will be able to transform your whole process-whether it is in operation, training sales on the website, or complete experience into a metaverse type application, but more importantly making it interactive,” Ahmed said, adding that they also intended on using blockchain technology in tracking aircraft records.

Additionally, Emirates had plans to integrate Bitcoin as a payment option while adding NFT collectibles on the company’s website for trading purposes.

“The first projects are already underway”, Mr. Ahmed said adding that the Emirates Pavilion at Expo 2020 Dubai  “will be repurposed into a center for innovation, including the development of the airline’s metaverse and NFT projects.”

This is not the first time Emirates, the UAE’s largest airline has shown interest in the digital assets ecosystem.

In an announcement last month, the airline had said that it “will soon launch NFTs and exciting experiences in the metaverse for its customers and employees” as part of its plan to be a leading airline in Web3.

In a comment at the time, Sheikh Ahmed bin Saeed Al Maktoum, Chairman, and Chief Executive, Emirates airline and Group said: “Dubai and the UAE are blazing the way in the digital economy, having a clear vision supported by practical policies and regulatory frameworks in areas such as virtual assets, artificial intelligence, and data protection.”

Currently, the list of airlines accepting Bitcoin for payments includes; AirBaltic, LOT Polish Airlines, and Peach Aviation among others. Billionaire Richard Branson has proclaimed that his futuristic commercial space project Virgin Galactic will also accept bitcoin.

Swiss Exchange Relai To Release A Bitcoin Debit Card

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