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Bitcoin Standard Goes Live in Europe Thanks to New Platform 'Bringin'

Published 2 weeks ago3 minute read
David Isong
David Isong
Bitcoin Standard Goes Live in Europe Thanks to New Platform 'Bringin'

Bringin, an Estonia-based financial services platform, has officially launched its comprehensive Bitcoin-to-euro solution, following a successful 18-month beta testing phase. During this period, approximately 1,000 early adopters transacted over €6 million, demonstrating the platform's efficacy and demand. Bringin aims to bridge the critical gap between Bitcoin self-custody and the everyday financial requirements of users across the eurozone, tackling long-standing challenges faced by Bitcoin holders in Europe.

A primary hurdle for European Bitcoin users has been the difficulty in efficiently converting and spending Bitcoin for daily transactions, often compounded by banking restrictions and compliance complexities. Bringin's innovative solution integrates self-custodial Lightning Network functionality with traditional financial services, providing users with a unified application to manage both Bitcoin and euro transactions seamlessly.

The platform boasts several key features designed to enhance user experience and financial flexibility. These include direct on-ramping to self-custody, facilitating easy access to personal Bitcoin holdings. For conversions, Bringin offers both on-chain transactions, completing in approximately 11 minutes, and rapid Lightning Network transactions, which take a mere 5 seconds. Each user receives a personal virtual IBAN account, streamlining compliance and banking relationships—a common pain point for Bitcoin users.

Furthermore, Bringin provides access to both virtual and physical Visa debit cards, allowing users to spend Bitcoin anywhere Visa is accepted with zero transaction fees. This functionality is supported by the platform's automatic conversion features, enabling users to maintain their Bitcoin holdings while effortlessly covering daily expenses. The integrated approach also supports significant Bitcoin-to-euro conversions, exceeding 1 BTC, making it suitable for large purchases such as vehicles or property.

A notable aspect of Bringin's offering is its built-in Lightning Network wallet, which eliminates the need for users to manage external wallets. This integration simplifies the Bitcoin experience for both seasoned users and newcomers, providing a complete suite of Bitcoin-based financial services within a single, user-friendly application. Prashanth Chandrashekar, Co-founder & CEO/CTO of Bringin, emphasized the platform's foundation: “Lightning is the fastest payment network on Earth, and we built Bringin on it from day one. Moving seamlessly from self-custody to your bank account makes living on better money possible – money that can’t be inflated away, that you actually control.”

This launch marks a significant advancement in making Bitcoin more practical and accessible for everyday use in Europe, harmonizing the benefits of self-custody with the convenience of conventional banking services. The Bringin application is now available for download on both Android and iPhone devices, offering eurozone residents a new and powerful way to integrate Bitcoin into their daily financial lives, at a time when demand for seamless Bitcoin-to-fiat solutions continues to escalate.

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