Why relai Is Trending Today?

Relai, a Swiss Bitcoin-only bank, has raised $5 million in a seed round led by Swisscom Ventures. The funding will support Relai's expansion and development of its Bitcoin-focused banking services. Relai aims to make Bitcoin accessible to a wider range of users by offering a simple and secure banking experience.

Relai, a Swiss-based Bitcoin-only app, has received a significant endorsement from European regulators. The company has secured a license under the EU's new Markets in Crypto-Assets (MiCA) framework, making it one of the first to do so. This approval allows Relai to operate across the European Union, providing a boost to its services and user base. The license, granted by the French financial market authority, recognizes Relai's commitment to regulatory compliance and consumer protection in the cryptocurrency space.