Pioneering a New Era of Banking on Blockchain Authored by Former Members of Revolut
A self-custodial wallet that is linked to a Mastercard debit card is provided by Bleap. This wallet enables users to spend stablecoins directly in the real world without incurring any corresponding conversion fees. With savings rates that are approximately five times greater than those offered by regular banks, the app also enables multi-currency accounts. Users have the option of purchasing stablecoins with fiat currency or adding them from external wallets. Additionally, Bleap allows for fee-free on- and off-ramping of cryptocurrency accounts through connections to external wallets. Due to the fact that Bleap does not store user cash, clients continue to have access to their assets directly on the blockchain around the clock.
Joao Alves, who had previously worked at Revolut, and Guilherme Gomes, who was in charge of software engineering, are the founders of Bleap. Ethereal Ventures was the company that led the investment round, which had a pre-money valuation of ten million dollars. Other investors included Maven11, Alliance DAO, Robot Ventures, and angel investors from Revolut, Phantom, OKX, EigenLayer, and Consensys. Bleap is now in beta testing with a small group of European users. The company was founded in the United Kingdom and Poland, and it is registered as a Virtual Asset Service Provider (VASP) in the European Union. It is anticipated that the full public debut would take place in the first quarter of 2025.
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Industry Comments
“We wanted an app that combines blockchain’s power with the best of banking,” says Alves, who previously led Revolut’s card programme.
FAQs
1. What is Bleap?
Bleap is a self-custodial wallet linked to a Mastercard debit card that allows users to spend stablecoins without conversion fees. It also offers multi-currency accounts with higher savings rates compared to traditional banks.
2. How does Bleap ensure user asset security?
Bleap operates on a self-custodial model, meaning it does not store user funds. Users retain full control over their assets, accessible on the blockchain 24/7.
3. What makes Bleap unique?
Bleap integrates stablecoin usage in real-world spending without conversion fees and offers fee-free crypto on-/off-ramping. It also delivers banking-like multi-currency accounts with blockchain’s benefits.
4. Who founded Bleap?
Bleap was founded by Joao Alves, a former Revolut card programme leader, and Guilherme Gomes, a software engineering expert.
5. When will Bleap launch publicly?
Bleap is currently in beta testing in Europe. The public launch is expected in the first quarter of 2025.
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Conclusion
Bleap is set to revolutionize banking with its blockchain-powered platform, bridging traditional financial tools and decentralized assets. By enabling seamless, secure transactions and higher savings rates, it empowers users to fully control their funds without middlemen. With backing from prominent investors and a focus on innovation, Bleap’s 2025 launch promises to redefine financial independence.
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