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Author: Admin | 2025-04-28
Bringin is a Bitcoin company on a mission to make it easy for people in Europe to convert Bitcoins to Euros.Bitcoin is in a stage of monetisation. It is still widely considered as a speculative asset to be bought and sold at a higher price and most Bitcoin tools and services that interact with the fiat system are built to cater towards this use case. However, we consider Bitcoin to be the best form of money that humankind has known, and recognise that for Bitcoin to truly reach its potential, it has to be widely accepted by people and businesses in exchange for goods and services. It has to be as easy as possible for people to spend Bitcoin and convert Bitcoins to Euros. And we’re building tools and services towards that end. Our core application allows you to instantly and safely convert Bitcoin in your wallet to Euros and receive it in your IBAN with an easy-to-use and self-custodial interface.When you want to make the conversion, you simply generate an on-chain address, lightning invoice or a QR code on your Bringin account and send Bitcoin to it.Once Bitcoin is received, it will be instantly converted to Euros at the best market rate obtained from order books of various exchanges by our partners.The converted funds will be deposited to your dedicated IBAN on Bringin first, after which you generate a verification code to initiate a transfer to your own account. When you use an exchange like Binance, Gemini or Coinbase, you may face the problem when trying to convert bitcoins to euros where you suddenly lose access to your funds, which means that exchanges may close or freeze your Euro balance due to regulatory pressure. This is because they rely on Third Party Providers for banking, who may decide to cut off access because of such pressure.The regulatory environment in Europe is stringent and complex. The Payment Services Directive II (PSD2) outlines the rules and regulations that bank-independent Third Party Providers (TPPs) need to follow to operate their services, which includes Bitcoin exchanges and offramping services that help users spend
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