JAN3 joins technology and publicly traded companies to fully embrace Bitcoin and expand its adoption. On its blog, the company shared that it has raised $5 million in funding, which it plans to use to develop and expand its AQUA Wallet.
Popular investors, including Tether and Fulgure Ventures, support the company’s initiative to help expand Bitcoin use cases. It aims to address the scalability of crypto and expand its adoption, particularly in regions with limited or no access to financial services.
JAN3’s investment in this wallet reflects the growing demand for financial tools linked to Bitcoin. The project also highlights the value of Layer 2 technologies such as Lightning Network.
Accessible financial service
According to the company’s project plan, its goal is to create an accessible financial tool and service. JAN3 refers to its AQUA Wallet, which allows users to hold Tether and Bitcoin in Later 2 solutions, allowing them to manage these digital assets directly. Since holders have direct access to digital assets, this can promote cheaper and faster transactions, thus addressing BTC’s scalability issue.
The company also shared that it will add other financial services to the wallet, such as loans, card payments, and buying and selling BTC options, to meet daily needs. JAN3 is currently collaborating with the government of El Salvador to develop its Bitcoin City and boost 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 an issue for many.
January 3 seed round gets backing from Tether and Fulgur Ventures
JAN3’s seed round attracted the attention of many popular crypto companies, including Tether, Lightning Ventures, Fulgur Ventures, and Grupo Salinas. In a statement, JAN3 said that they are honored by the participation of these companies and that their support reflects the growing importance of the leading digital asset.
BTC market cap currently at $1.96 trillion. Chart: TradingView.com
The participating companies also shared their enthusiasm 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 its vision
In the same blog post, JAN3 added that they are not just looking for capital. Ultimately, 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 a partner of the company 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 invests in Japan and Indonesia and is helping to drive Bitcoin adoption in the region. In addition to these regional companies, JAN3 also works with Tether. Combining the usability of its AQUA Wallet with the Tether network, its goal is to bring digital assets and financial inclusion to as many people as possible.
Featured image of Dall-E, TradingView chart
