Relai

Swiss Bitcoin app Relai teams up with Sygnum Bank to offer Bitcoin-backed loans to high-net-worth clients, unlocking cash flow without having to sell Bitcoin.

Relai co-founder and CEO Julian Liniger wants to onboard as many EU and UK citizens as possible to Bitcoin, even if that means having to jump through regulatory hoops.

Relai has partnered with Blockstream and Breez to allow its users to use the Lightning Network in a self-custodial manner.

Bitcoin is also rapidly siphoning capital from other traditional assets like securities and bonds, says the exchange.

Relai's Breez SDK integration will bring a self-custodial Lightning experience to its user base by the end of 2023.

Users of the Swiss Bitcoin app can now take advantage of one zero-fee bitcoin purchase up to 100 CHF/EUR monthly.

The funding will be used to expand the platform's retail Bitcoin on-ramp in Europe, add zero-fee trading, support for Lightning and more.

The new Relai Business over-the-counter service will allow businesses to purchase bitcoin quickly.

Despite a recent warning from European politicians on the dangers of bitcoin, the Swiss-based bitcoin app has published record results this month.

Relai is also expanding its UX to make purchasing bitcoin easier as Europeans can now instantly buy bitcoin 24/7 with Visa, Mastercard and Apple Pay.