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Author: Admin | 2025-04-28
(MENAFN- crypto Breaking) Founder: Prashanth Chandrashekar Date Founded: March 2023 Location of Headquarters: Lithuania Number of Employees: 3 full-time, 3 contract workers Website: Public or Private? PrivateIntroducing Bringin , a revolutionary service making it simpler than ever to adopt a bitcoin standard across Europe.This innovative web application (with a mobile app arriving soon) allows users to quickly convert bitcoin from either a base chain or Lightning wallet into a virtual Visa debit card, usable anywhere Visa is accepted.The brainchild of founder Prashanth Chandrashekar, Bringin emerged from his personal challenges in converting bitcoin to euros.“Two years ago, while I resided in Estonia, my salary was in bitcoin , and it took nearly four days to convert that bitcoin to get euros into Revolut for use,” Chandrashekar explained to Bitcoin Magazine.[Author's note: When Chandrashekar mentions“liquidate,” he refers to changing bitcoin into traditional currency.]“This experience prompted my desire to create a tool that simplifies the liquidation of bitcoin . I believe that instantaneous liquidation and usability of bitcoin are critical for integrating its value into daily life,” he added.The solution developed by Chandrashekar and his team functions similarly to services like Bitrefill , yet with greater dynamism and expanded features.Exploring How Bringin OperatesBringin is available throughout all euro-using nations, enabling users to convert bitcoin from a Lightning wallet to euros in under a minute. In contrast, on-chain transactions typically last around 10 minutes, as they require blockchain confirmation.For speedy conversion into euros, users simply need to pay a Lightning invoice based on the euro amount they wish to load onto their virtual debit card, and the euros will soon be ready for spending.On a technical level, the process operates as follows: Bringin assigns each user a virtual IBAN (International Bank Account Number). This unique number interfaces with the SEPA system, which facilitates cashless euro transactions for users within the Euro Zone.Utilizing SEPA Instant Credit Transfers -allowing transfers of up to 15,000 euros in less than 10 seconds-combined with Lightning payments enables users to exchange their bitcoin for euros with remarkable speed.Chandrashekar further demonstrated the rapid nature of this process in a recent post
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