Founder: Prashanth Chandrashekar
Date founded: March 2023
Position of the headquarters: Lithuania
Number of employees: 3 full -time workers, 3 contract
Website: https://bringin.xyz/
Public or private? Private
With Bringin, it is now easier than ever to live on a Bitcoin standard in Europe.
The web app (and the mobile app soon released) allows users to convert Bitcoin almost instantly from a base chain or a lightning portfolio to a virtual visa debt card that can be used wherever the visa is accepted.
The founder of Bringin, Prashanth Chandrashekar, conceived the product after fighting to convert its Bitcoin into euros.
“Two years ago, while I lived in Estonia, I was paid in Bitcoin and took almost four days to liquidate the bitcoin and get euros in revolut to spend,” said Chandrashekar in Bitcoin Magazine.
[Author’s note: When Chandrashekar uses the term “liquidate,” he’s referring to converting bitcoin into fiat.]
“That’s why I wanted to create a tool that allows users to liquidate Bitcoin. I think that Bitcoin instantly liquidates and being able to use Bitcoin is one of the key factors to obtain Bitcoin value in the world today, “he added.
What Chandrashekar and his team have built is comparable to a service like Bitrefill, although more dynamic, and has more skills.
How Bringin works
Bringin operates in all countries that use the euro and allows users to convert Bitcoin into a lightning portfolio in euro in less than a minute. (Chain transactions take more time, about 10 minutes, as they must be confirmed on the blockchain.)
To convert Bitcoin more efficiently into euros, users simply pay an invoice for lightnings called in the amount of the euros that want on their virtual debt card and those euros become available for shopping shortly after.
On the back-end, the process seems to be: bringing each of its users a virtual Iban (international bank account number). This number is therefore used to interface with the separate system, which allows users in the euro area to make payments in euros without cash.
Using separate instant credit transfers, which allow transfers up to 15,000 euros in less than 10 seconds, in collaboration with Lightning payments, users can convert their bitcoins into euros in almost no flat time.
Chandrashekar illustrated the speed with which all this takes place in a recent post X:
I just booked a taxi with Sat on mine @Getalby node!
Use @bringinxyz Debt card!
Living on standard bitcoin has never been easier than now!
Pre-order one for you today! You will have access between days.
Link 👇 BTTOTHEMOON User Code to get a 10% discount 🚀 pic.twitter.com/flihbs6z6j
– Prashanth (@Prashanthc123) January 31, 2025
Users must pass through the Kyc process to use the service, however, never bring funds for custodies users, which means that bringing users can choose to use Bitcoin not entrusted to them or lightning wallets.
“You can use your Hub Alby and liquidate directly to the debit card using Nostr Wallet Connect (NWC),” Chandrashekar explained. “We have created a more direct link between your self -compactization portfolio and your bank account.”
The way to bring
Chandrashekar began to develop by bringing in September 2022 (although, it was not incorporated until March 2023).
Before working on this product, he was employed by the now late Lastbit, who aimed to solve a similar problem.
“We were building requests for payment to consumers for Europe,” said Chandrashekar. “The application allowed users to buy Bitcoin instantly, make and receive lightning payments and we also sent a Mastercard debit card that could be financed with lightning transactions.”
Chandrashekar shared that the project was demolished, however, due to a series of difficulties.
“Unfortunately, we couldn’t resize the service,” he said. “We were too early and there were many obstacles to conformity.”
Not wanting to give up the creation of a product like Lastbit, Chandrashekar moved to Estonia with some members of the Lastbit team, obtained adequate licenses and began to build the bearing.
“Lastbit has shot from the construction of an application of consumers to be more an infrastructure company, providing links for utensils for other companies on it,” explained Chandrashekar.
So, at that time, I was still working with the company and helping them with the infrastructure, but I felt the need to build a consumer product that allowed people to do what Lastbit initially aimed to create, “he added.
“So, I jumped out and started my business to help consumers and other bitcoiners who had a problem like mine.”
An exchange of third generations
Bring not only acts as off-ramp Bitcoin, but also as a ramp.
“Users can use Lightning addresses to buy Bitcoin,” Chandrashekar explained. “Today, you can go to bring, enter” 10 euros “,” Prahant@alby.com “,” Send funds “and Sat appear to your Hub Alby.”
(Users can connect with any portfolio that supports NWC. Also bring transfers using the Blink wallet and intends to expand their additions, according to Chandrashekar.)
Since carrying can facilitate these types of seamless transactions between non -foster wallets and traditional banking and payment tracks, Chandrashekar conceptualizes the carrying as an exchange of “third generation”.
“There have been more generations of exchanges,” he started.
“Initially, we have seen all types of exchanges in which you make a limit order, check the orders book and make a purchase. This has evolved into a mobile portfolio as we are, which is custody, where you immediately exchange with Bitcoin. That was the second generation of exchanges, “he added.
“Bringin is a third generation exchange, because it is not a custody solution in which funds is put and then exchanges it and Bitcoin remains in custody of the exchange. It allows not only for instant exchange, but also deals with the movement of funds from the banking system to Bitcoin and Lightning networks. “
Bring the roadmap
Going forward, Chandrashekar plans to simplify doors operations, expanding the services offered by the platform.
Currently, Bringin works with a partner company to issue and manage debit cards, but Chandrashekar would like to change it.
“At this moment, we are a distributor and a technology provider and we do not have a direct partnership with Visa, so we label the debit cards of our partner,” explained Chandrashekar. “But in the end we want to get our direct partnership with Visa.”
Chandrashekar also can’t wait to play more traders, since the company already simplifies for companies to start using the door.
“We have additions with BTCPay Server and Opago Pay,” said Chandrashekar. “Traders can receive payments in Bitcoin and instantly convert a part or the entire payment in euros through a Bringin Iban account.”
And Chandrashekar is working on the partner who brings with a platform for loans and loans Bitcoin.
“The intent here is that users can provide bitcoin as a guarantee and receive loans in euros,” he explained, adding that most loan and loan services of Bitcoin offer only US dollar or Stablecoin dollar loans.
Beyond these plans, Chandrashekar remains motivated to continue improving Portin’s ramping technology.
“You have to bring Bitcoin to your favorite wallet and there is a huge amount of friction there,” he said. “Our intention is to obtain Bitcoin to everyone by allowing users to obtain Bitcoin directly in the portfolio of their choice without friction, directly from the bank.”