Bringin x Striga - Europe's safest Bitcoin offramp
Bringin x Striga - Europe's safest Bitcoin offramp
Based in Lithuania, Bringin offers an app for off-ramping Bitcoin securely and efficiently. By supporting Bitcoin Lightning transactions and traditional on-chain payments, Bringin ensures faster and lower-cost transfers, enhancing the overall usability for both off-ramping and bitcoin remittance use cases. As a compliant bitcoin remittance app in addition to its off-ramping capabilities, Bringin is compliant with EU regulatory standards, providing a safe and reliable platform for converting Bitcoin into Euros and for facilitating cross-border payments.
Based in Lithuania, Bringin offers an app for off-ramping Bitcoin securely and efficiently. By supporting Bitcoin Lightning transactions and traditional on-chain payments, Bringin ensures faster and lower-cost transfers, enhancing the overall usability for both off-ramping and bitcoin remittance use cases. As a compliant bitcoin remittance app in addition to its off-ramping capabilities, Bringin is compliant with EU regulatory standards, providing a safe and reliable platform for converting Bitcoin into Euros and for facilitating cross-border payments.
About Bringin
Purpose built to bridge the gap between Bitcoin and traditional finance, Bringin is a one-stop shop for Bitcoin heavy use cases, ensuring compliance with EU requirements, thereby keeping traditional financial institutions happy through the use of virtual IBANs each individual and unique to each of their users. This means when you send or receive fiat to move Bitcoin, Bringin provisions a unique IBAN in your name and not in the name of Bringin or another exchange, ensuring safe on/off ramps.
Industry: Bitcoin - Web3
Location: Lithuania
Solving the problem of safely off-ramping Bitcoin
Solving the problem of safely off-ramping Bitcoin
Prashanth C, the founder of Bringin, has been an instrumental figure in the Bitcoin space. His journey with Bitcoin began in 2019 after being inspired by the book “Mastering Bitcoin”. He left his job in Bangalore to work at Lastbit (now Striga), which developed Europe’s first consumer Lightning/Fiat interface.
Prashanth’s hands-on experience with Bitcoin and Lightning laid the foundation for his future endeavors. This exposure, combined with regulatory challenges in Europe, shaped his mission to create a seamless interface between Bitcoin and traditional banking, leading to the establishment of Bringin.
Bridging Bitcoin and Euros
Bridging Bitcoin and Euros
Today, maintaining Bitcoin in your wallet can be advantageous, especially with the current market price. However, many users struggle to off-ramp or spend their profits as numerous banks and fintech companies are not crypto-friendly.
Built on top of Striga’s payment infrastructure for crypto-banking applications, Bringin provides a compliant interface for users wishing to offramp Bitcoin to Euros, tackling the critical challenge of banking hesitance towards Bitcoin transactions by ensuring that all fiat money is processed separately through the use of unique virtual IBAN accounts.
With dedicated IBAN accounts for each user and support for lightning and SEPA instant transfers, Bringin ensures that exchanges are instant and reliable with little to no custody exposure. For first timers especially, dipping their feet into the Bitcoin pool just became a whole lot easier.
With the recent launch of their MVP, Bringin has grown to become well known in the Bitcoin space for Europeans particularly and continues to move in a positive direction.
Striga x Bringin: Beyond Bitcoin off-ramps
Striga x Bringin: Beyond Bitcoin off-ramps
Striga’s infrastructure is a key part of Bringin’s platform. Being the backbone provider of bitcoin custody, trading, banking, and Lightning APIs, Striga ensures that Bringin operates within regulatory compliance while maintaining the same security standards that Striga itself is subject to as a “MiCA-like” licensed entity.
With the upcoming “Markets in Crypto Assets” (MiCA) legislation, the playing field for practically any application that is not a non-custodial wallet changes drastically introducing massive requirements for consumer protection, safeguarding funds, audits etc. that could well easily cost over a few million Euros and a few years of Prashanth’s time just to remain compliant. By leveraging Striga, he’s left the heavy lifting of the “boring work” to Striga and can focus on building a host of new products and use cases for the Bitcoin community with Bringin.
Want to be a partner?
Want to be a partner?
You don’t have to reinvent the
wheel, just spin it
You don’t have to reinvent the wheel, just spin it
Book a call with us to discover how Striga can help you get to market faster without needing to manage the compliance-related matters
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