America

Arbitrum

Ethereal

<p class="is-style-lead">Crypto startup Bleap, founded by ex-Revolut employees, has bagged in $2.3 million to make it easier to spend crypto with debit cards.</p> 
<p>Bleap, a U.K.-based <a href="https://crypto.news/tag/blockchain/" target="_blank">blockchain</a> startup building a wallet-connected debit card, has raised $2.3 million in pre-seed funding led by Ethereal Ventures, according to a Nov. 28 <a href="https://x.com/BleapApp/status/1862084573603025214" target="_blank" rel="nofollow">announcement</a> on X. Other backers include Maven11, Alliance DAO, Robot Ventures, Credibly Neutral, and angel investors. With the funding, the startup’s valuation reached $10 million.</p> 
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<p>Bleap’s card linked to <a href="https://crypto.news/tag/mastercard/" target="_blank">Mastercard</a> lets users spend <a href="https://crypto.news/tag/stablecoin/" target="_blank">stablecoins</a> without conversion fees and offers up to 2% cashback. From the on-chain perspective, the startup leverages Arbitrum (<a href="https://crypto.news/price/arbitrum/" target="_blank">ARB</a>), an Ethereum layer-2 solution, as well as multi-party computation for wallet access.</p> 
<p> You might also like: <a rel="" href="https://crypto.news/best-crypto-debit-cards/"> Best crypto debit cards in 2024 </a> </p> 
<h2 class="wp-block-heading" id="bleap-to-expand-services-under-mica-regulations">Bleap to expand services under MiCA regulations</h2> 
<p>Founded by Joao Alves and Guilherme Gomes, Bleap is registered as a virtual asset service provider in Poland. The startup plans to expand under Europe’s MiCA regulations and enter Latin America by 2025. Currently in beta, Bleap aims for a full launch in Q1 2025, with a token rollout slated for 2026.</p> 
<p>In September, Mastercard <a href="https://crypto.news/mastercard-rolls-out-crypto-debit-card-for-non-custodial-use-in-europe/" target="_blank">revealed</a> that its European crypto users can now spend Bitcoin (<a href="https://crypto.news/price/bitcoin/" target="_blank">BTC</a>) and other tokens stored in self-custodial wallets through the newly launched Spend debit card. Created in partnership with crypto payments provider Mercuryo, the card is tied to a euro-denominated account, enabling users to make payments for goods and services at more than 100 million merchants worldwide.</p> 
<p> Read more: <a rel="" href="https://crypto.news/metamask-tests-new-on-chain-payment-card-with-mastercard-network/"> MetaMask tests new on-chain payment card with Mastercard network </a> </p>

Non-custodial debit card startup Bleap led by Revolut alumni raises $2.3m

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