Former Revolut employees have secured $2.3 million to launch Bleap, an application that merges blockchain and banking technologies.
Launch of Bleap
Two former Revolut employees, Joao Alves and Guilherme Gomes, have secured $2.3 million to launch Bleap, a stablecoin management application integrated with a Mastercard debit card. The investment round was led by Ethereal Ventures, with participation from Maven11, Alliance DAO, and Robot Ventures. All investors share Bleap's vision of a new approach to blockchain finance.
Technological and Regulatory Challenges
Bleap combines blockchain and banking technologies, offering multi-currency accounts and competitive savings rates. Users can conduct stablecoin transactions without conversion fees, entirely through the app. Challenges included integrating with traditional payment systems and regulatory hurdles, leading to delays. Alves remains optimistic about the future of crypto payments, offering a streamlined user experience.
DeFi Development on Solana
DeFi protocol Sky has launched the USDS stablecoin on the Solana blockchain, marking the first primary DeFi-native stablecoin on the platform. The new asset, rebranded from Dai (DAI), aims to enhance trading and lending operations, injecting liquidity into the Solana ecosystem.
Bleap and Sky demonstrate how blockchain continues to transform financial services. The launch of new applications and stablecoins might lead to broader adoption of digital technologies in loans, savings, and payments.
