JAN3 joins tech and publicly traded companies in fully adopting Bitcoin and expanding its adoption. On its blog, the company shared that it raised $5 million in fundswhich he plans to use to develop and expand his AKUA wallet.
Popular investors, including Tether and Fulgure Ventures, are backing the company’s initiative to help expand bitcoin’s use cases. It aims to address the scalability of cryptocurrency and expand its adoption, especially in regions with limited or no access to financial services.
JAN3’s investment in this wallet reflects the growing demand for financial tools associated with Bitcoin. The project also highlights the value of Layer 2 technologies such as the Lightning Network.
Affordable financial services
According to the company’s project outline, the goal is to create an affordable financial service and tool. AN3 refers to its own AKUA wallet, which allows users to hold Tether and Bitcoin on Later 2 solutions, allowing them to directly manage these digital assets. Since owners have direct access to digital assets, it can promote cheaper and faster transactions, thus solving BTC’s scalability problem.
The company also said it will add other financial services to the wallet, such as loans, card payments, and buying and selling BTC options, to cover daily needs. Currently, JAN3 is working with the government of El Salvador to develop its Bitcoin City and strengthen its digital financial systems.
JAN3’s project with El Salvador reflects the growing importance of bitcoin in the Latin American economy, where access to financial services remains a problem for many.
JANUARY 3 Seed Round Gets Tether, Fulgur Backs Support
The first round of JAN3 attracted the attention of many popular crypto companies, including Tether, Lightning Ventures, Fulgur Ventures and Grupo Salinas. In a statement, JAN3 said they are honored by the participation of these companies and that their support reflects the growing importance of premium digital assets.
BTC market cap currently at $1.96 trillion. Chart: TradingView.com
Participating companies also shared their excitement and satisfaction with the project. According to Oleg Mikhalsky of Fulgur Ventures, they support JAN3’s vision for the future of Bitcoin. He added that they are confident in the project, which can improve the adoption of Bitcoin and the Liquid Network ecosystem.
JAN3 is looking for partners who share their vision
In the same blog post, JAN3 added that they are not just looking for capital. After all, they are looking for partners who share their mission and can help them with their expansion plans in Asia and Latin America. Grupo Salinas is the company’s partner in Latin America, and is the same group that controls TV Azteca, Elektra and Banco Azteca.
In Asia, JAN3 partners with East Ventures. The company is investing in Japan and Indonesia and is helping boost bitcoin adoption in the region. In addition to these regional companies, JAN3 also works with Tether. By combining the usability of its AKUA wallet with the Tether network, it aims to bring digital assets and financial inclusion to as many people as possible.
Featured image from Dall-E, chart from TradingView
