Miami-based Bitcoin startup TMRW has raised $1.3 million in pre-seed Funding to develop its social funds app powered by the Bitcoin Lightning Community. Maple VC led the funding spherical, and Bitcoin angel buyers like Brad Mills joined the spherical.
TMRW goals to leverage the Lightning Community’s velocity and low prices to allow cross-border peer-to-peer funds by way of Lightspark and ZeroHash. The app makes use of Common Cash Addresses, an open cost normal constructed on Lightning, to ship fiat and Bitcoin immediately throughout borders.
This permits TMRW to facilitate quick, inexpensive remittances to areas just like the Caribbean, the place conventional suppliers cost excessive charges. Remittances are a serious use case for Bitcoin and Lightning as they provide important price financial savings in comparison with legacy finance.
TMRW co-founder Alexandra Lutchman mentioned the app reveals how Bitcoin can unlock borderless funds for household and associates worldwide. The startup desires as an instance Bitcoin’s on a regular basis utility and make funds social.
The app consists of options like including messages, emojis and pictures to funds. TMRW additionally helps onboard new customers by permitting them to earn Bitcoin rewards and see how their contacts use Bitcoin.
TMRW is working pilots within the Caribbean and has opened its iOS beta to U.S. customers. The Funding will assist develop into the American market and make Bitcoin and fiat transfers accessible globally.
Bitcoin lightning has seen rising adoption for remittances and cross-border transfers, because it presents important price financial savings in comparison with conventional suppliers. Remittances are a serious early use case for Bitcoin and Lightning, making sending cash overseas cheaper and sooner.