JAN3 Secures $5 Million Under Mow’s Oversight
JAN3 joins tech and publicly listed companies in fully adopting Bitcoin and expanding its adoption. On its blog, the company shared that it has raised $5 million in funds, which it plans to use to develop and expand its AQUA Wallet.
Popular investors, including Tether and Fulgure Ventures, support the company’s initiative to help expand Bitcoin’s use cases. It aims to address the crypto’s scalability and expand its adoption, particularly in regions with limited or no access to financial services.
JAN3’s investment in this wallet reflects the growing demand for financial tools linked to Bitcoin. The project also highlights the value of Layer 2 technologies like the Lightning Network.
Accessible Financial Service
According to the company’s project blueprint, it aims to create an accessible financial service and tool. JAN3 refers to its AQUA Wallet, which allows users to hold Tether and Bitcoin on Later 2 solutions, allowing them to manage these digital assets directly. Since holders have direct access to digital assets, it can promote cheaper and faster transactions, thus addressing BTC scalability issue.
The company also shared that it will add other financial services to the wallet, such as loans, card payments, and buying and selling BTC options, to cover daily needs. Currently, JAN3 is collaborating with the government of El Salvador to develop its Bitcoin City and boost its digital financial systems.
JAN3’s project with El Salvador reflects the growing importance of Bitcoin in the economy of Latin America, where access to financial services remains a problem for many.
JAN3 Seed Round Gets Tether, Fulgur Ventures Backing
JAN3’s seed round attracted the attention of many popular crypto companies, including Tether, Lightning Ventures, Fulgur Ventures, and Grupo Salinas. In a statement, JAN3 said that they’re honored by these companies’ participation and that their support reflects the top digital asset’s growing importance.
BTC market cap currently at $1.96 trillion. Chart: TradingView.com
The participating companies also shared their excitement and satisfaction with the project. According to Oleg Mikhalsky of Fulgur Ventures, they support JAN3’s vision for the future of Bitcoin. He added that they’re confident about the project, which can improve the adoption of Bitcoin and the Liquid Network ecosystem.
JAN3 Looks For Partners That Share Their Vision
In the same blog post, JAN3 added that they aren’t just looking for capital. Ultimately, they’re looking for partners who share their mission and can help them with their expansion plans in Asia and Latin America. Grupo Salinas is the company’s partner in Latin America, and it is the same group that controls TV Azteca, Elektra, and Banco Azteca.
In Asia, JAN3 partners with East Ventures. The company invests in Japan and Indonesia and is helping boost Bitcoin adoption in the region. In addition to these regional companies, JAN3 also works with Tether. Combining its AQUA Wallet’s usability with Tether’s network, it aims to bring digital assets and financial inclusion to as many people as possible.
Featured image from Dall-E, chart from TradingView
