2024-12-6 18:27 |
Holyheld, a prominent Swiss crypto payments startup, has just revealed that it has successfully secured funding to propel the BRRR protocol forward. This investment comes from diverse backers, including Toyota Ventures, TempleDAO, Tomahawk VC, Prismatic Capital, Zee Prime Capital, Polygon, Kosmos Ventures, and Moonlanding Ventures. Additionally, angel investors from top-tier projects such as Lido, Olympus, Dinero, Paragon, Superfluid, vfat, Inverse Finance, Daedalus, DCV, Generative Ventures, and Vamient have also contributed to this exciting development. Holyheld’s BRRR protocol is set to revolutionize the way users transact on a global scale. Bridging public blockchain networks with traditional payment and card systems aims to establish a seamless layer for real-time payments, empowering merchants and users alike to engage instantly across borders.
“This opportunity consolidates our lead in the market, and fuels our drive to redefine how real-time clearing of payments should work,” said Anton Mozgovoy, Holyheld CEO. “With our technology of global stablecoin orchestration, we’re well-positioned to transform how users and businesses conduct business today with payments of tomorrow.”
BRRR’s protocol fuels Holyheld’s app, a frontrunner in the European landscape of Web3 payment solutions, providing a cash account paired with a debit card accessible to residents across 30 European nations. The Holyheld app empowers users to seamlessly connect any self-custody wallet, enabling them to utilize their cryptocurrency for everyday transactions. This empowers conventional consumer actions, such as swiping or tapping a credit card or mobile device for transactions, all while users retain full control over their assets.
“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 recent influx of capital will empower Holyheld to broaden its protocol reach, tapping into a wider array of clients and payment networks on a global scale. Holyheld has seamlessly integrated more than a hundred top-tier crypto protocols spanning across 15 distinct blockchain networks. The company’s BRRR has successfully generated over $100M in trading volume since its inception in April 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.”
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