Holyheld Secures Funding to Expand BRRR Protocol
Holyheld's Strategic Funding and Market Leadership
Holyheld, a prominent Swiss crypto payments startup, has secured significant funding from various renowned investors, including Toyota Ventures and other notable venture capital firms. This investment aims to accelerate the BRRR protocol, designed to enhance global real-time payment infrastructure by bridging public blockchain networks with traditional payment systems.
The BRRR Protocol and Its Impact
The BRRR protocol plays a crucial role in Holyheld's app, a leading Web3 payments platform in Europe. This app offers users in 30 European countries a cash account paired with a debit card, enabling them to use cryptocurrencies for everyday transactions while maintaining self-custody of their funds. The protocol facilitates seamless transactions, allowing users to engage in traditional payment behaviors with digital assets.
Expanding Global Payment Networks
With the new funding, Holyheld plans to expand its protocol to more clients and payment networks worldwide. Since its launch in April 2023, the BRRR protocol has integrated over 100 crypto protocols across 15 blockchain networks and orchestrated a transaction volume exceeding $100 million. These advancements position Holyheld as a leader in on-chain clearing solutions.
Enabling Frictionless Digital Wallet Experiences
Holyheld's technology transforms self-custody wallets into personal IBAN accounts and debit cards, offering a frictionless digital wallet experience. This innovation empowers consumers with significant purchasing power in the real world, utilizing blockchain-related assets. The company's commitment to building new payment settlement solutions using stablecoins highlights its role in the evolving fintech landscape.
About Holyheld
Founded in 2022, Holyheld is dedicated to enabling crypto customers and fintechs to create innovative payment solutions. With offices in Zug, Switzerland, and Vilnius, Lithuania, Holyheld continues to drive the integration of digital assets in traditional payment systems, paving the way for the future of global transactions.
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