JAN3 Secures $5M Investment to Accelerate Global Bitcoin Adoption
2025-01-06
JAN3, founded by Bitcoin advocate Samson Mow, has raised $5 million to enhance Bitcoin adoption and expand its usability worldwide.
With support from Fulgur Ventures, Tether, and Grupo Salinas, this funding underscores the growing interest in Bitcoin as a practical financial tool, particularly in regions with limited banking services.
Key Takeaways
1. $5M Funding Secured: JAN3 will leverage this investment to scale Bitcoin adoption and Layer 2 solutions globally.
2. Innovative AQUA Wallet: Enables faster and cheaper Bitcoin transactions, with $11M in swap volume recorded in November 2024.
3. Global Partnerships: Collaborations with El Salvador and Grupo Salinas target unbanked populations in Latin America and Southeast Asia.
Expanding Bitcoin’s Reach with AQUA Wallet
JAN3’s AQUA Wallet is a cornerstone of its mission to make Bitcoin practical for everyday use.
The wallet supports Bitcoin and Tether transactions on Layer 2 solutions, such as the Lightning Network, enabling:
Faster Transactions: Overcoming Bitcoin's scalability issues for seamless use.
Lower Costs: Making Bitcoin affordable for microtransactions and remittances.
Increased Accessibility: Offering features like credit card payments and local on/off ramps.
With $11M in swap volumes in November 2024, the AQUA Wallet demonstrates growing demand for Bitcoin-based financial tools.
Read more about Bitcoin (BTC):
Bitcoin Price (BTC), Market Cap, Price Today & Chart History
BTC to USD: Convert Bitcoin to US Dollar
Bitcoin Treasury: Confidence in Bitcoin’s Long-Term Value
JAN3’s establishment of a 12 BTC treasury, acquired at an average price of $83,333 per Bitcoin, showcases its belief in Bitcoin’s role as a financial asset.
The treasury aligns with JAN3’s mission to drive Bitcoin adoption by signaling long-term confidence in its value.
Partnerships Driving Adoption
El Salvador: Building Bitcoin City
JAN3 has partnered with El Salvador to develop Bitcoin City, advancing the country’s strategy to integrate Bitcoin into its economy. This initiative highlights Bitcoin’s potential to foster financial inclusion in underbanked regions.
Grupo Salinas and Banco Azteca
Grupo Salinas supports JAN3’s efforts through Banco Azteca, targeting unbanked populations in Latin America.
Southeast Asia Expansion
East Ventures collaborates with JAN3 to increase Bitcoin adoption in Southeast Asia, leveraging the region’s growing interest in cryptocurrency.
Overcoming Adoption Challenges
Bitcoin adoption still faces hurdles, particularly in scalability and usability. While Layer 2 solutions like the Lightning Network improve transaction speed and cost, widespread adoption remains limited.
JAN3’s initiatives, such as AQUA Wallet and Bitcoin City, aim to address these challenges by making Bitcoin more accessible and practical for everyday finance.
FAQ
1. What is JAN3’s AQUA Wallet?
AQUA Wallet enables Bitcoin and Tether transactions on Layer 2 solutions, offering faster, cheaper, and more accessible financial tools.
2. How is JAN3 supporting Bitcoin adoption globally?
JAN3 is driving Bitcoin adoption through partnerships with El Salvador, Grupo Salinas, and East Ventures, as well as innovations like AQUA Wallet.
3. What is JAN3’s Bitcoin Treasury?
The Bitcoin Treasury consists of 12 BTC, acquired to demonstrate confidence in Bitcoin’s long-term value and role as a financial asset.
Disclaimer: The content of this article does not constitute financial or investment advice.
