On January 3, he secures $5 million under Mow’s supervision

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JAN3 joins technology and publicly traded companies to fully adopt Bitcoin and expand its utilize. On its blog, the company announced that it had collected $5 million in fundingwhich it plans to utilize to develop and expand its AQUA Portfolio.

Popular investors including Tether and Fulgure Ventures are supporting the company’s initiative to expand Bitcoin’s applications. It aims to address the scalability of cryptocurrencies and expand its utilize, especially in regions with constrained or no access to financial services.

JAN3’s investment in this portfolio reflects the growing demand for financial tools related to Bitcoin. The project also highlights the value of Layer 2 technologies such as the Lightning Network.

Financial services available

According to the company’s project assumptions, it aims to create an accessible service and financial tool. JOHN3 refers to his AQUA wallet, which allows users to hold Tether and Bitcoin on Later 2 solutions, allowing them to directly manage these digital assets. Since holders have direct access to the digital asset, it can promote cheaper and faster transactions, thus solving the BTC scalability problem.

The company also said it will add other financial services such as loans, card payments, and buying and selling BTC options to the wallet to cover everyday needs. JAN3 is currently working with the government of El Salvador to develop Bitcoin City and improve digital financial systems.

Project JAN3 z El Salvador reflects Bitcoin’s growing importance in the Latin American economy, where access to financial services remains an issue for many.

The January 3 seed round is backed by Tether and Fulgur Ventures

JAN3’s seed round has attracted the attention of many popular crypto companies, including Tether, Lightning Ventures, Fulgur Ventures, and Grupo Salinas. In a statement, JAN3 said it was honored to participate from these companies and their support reflects the growing importance of premier digital assets.

BTC market cap currently at $1.96 trillion. Chart: TradingView.com

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 are confident in the project that can improve the adoption of Bitcoin and the Liquid Network ecosystem.

JAN3 is looking for partners who share its vision

In the same blog post, JAN3 added that he wasn’t just looking for capital. Ultimately, they are looking for partners who share their mission and can support them with their expansion plans in Asia and Latin America. Grupo Salinas is the company’s partner in Latin America and is the same group that controls TV Azteca, Elektra and Banco Azteca.

In Asia, JAN3 cooperates with East Ventures. The company is investing in Japan and Indonesia and is helping to escalate Bitcoin adoption in the region. In addition to these regional companies, JAN3 also works with Tether. By combining the utility of the AQUA wallet with the Tether network, it aims to make digital assets and financial inclusion available to as many people as possible.

Featured image from Dall-E, chart from TradingView

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