Bringin, an Estonia-based Bitcoin financial services platform, has announced the full release of its comprehensive Bitcoin-to-euro solution, following an 18-month beta testing period during which approximately 1,000 early users transacted over €6 million. The platform aims to bridge the gap between Bitcoin self-custody and everyday financial needs for users in the eurozone.
The launch addresses longstanding challenges faced by Bitcoin holders in Europe, particularly the difficulties in converting and spending Bitcoin for daily transactions. Bringin’s solution combines self-custodial Lightning Network functionality with traditional financial services, offering users the ability to manage both Bitcoin and euro transactions within a single application.
Key features of the platform include direct on-ramping to self-custody, Bitcoin-to-euro conversions through on-chain (11 minutes) or Lightning Network (5 seconds) transactions, and personal virtual IBAN accounts for each user. Users can gain access to both virtual and physical Visa debit cards with zero transaction fees, enabling Bitcoin spending anywhere Visa is accepted.
The platform’s integrated approach allows users to handle significant Bitcoin-to-euro conversions exceeding 1 BTC, making it suitable for large purchases such as vehicles or property. The service also simplifies compliance and banking relationships through its dedicated virtual IBAN system, addressing a common pain point for Bitcoin users who frequently face banking restrictions or compliance challenges.
Bringin’s solution is particularly noteworthy for its built-in Lightning Network wallet, eliminating the need for users to manage external wallets. This integration streamlines the Bitcoin experience for both experienced users and newcomers, providing a complete suite of Bitcoin-based financial services within a single application.
The platform’s automatic conversion features enable users to maintain Bitcoin holdings while handling daily expenses through the Visa debit card system. This functionality allows users to effectively “live the standard” while maintaining practical access to the traditional financial system.
“Lightning is the fastest payment network on Earth, and we built Bringin on it from day one,” said Prashanth Chandrashekar, Co-founder & CEO/CTO of Bringin. “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.”
The launch represents a significant step forward in making Bitcoin more practical for everyday use in Europe, combining the benefits of self-custody with the convenience of traditional banking services. The platform is now available for download on both Android and iPhone devices, offering eurozone residents a new way to integrate Bitcoin into their daily financial lives.
This development comes at a time when demand for seamless Bitcoin-to-fiat solutions continues to grow in Europe, particularly among users who prefer to self-custody their Bitcoin while maintaining easy access to the traditional financial system.
Source: https://bitcoinmagazine.com/news/europeans-can-now-live-on-the-bitcoin-standard-with-bringin
