According to Techub News, Bit technology company JAN3 has completed a $5 million seed round of financing, led by Fulgur Ventures, with participation from Grupo Salinas, Tether, Lightning Ventures, East Ventures, Plan B Fund, Bitcoin Opportunity Fund, and NYDIG. This round of financing will be used to accelerate the development of the AQUA wallet.
JAN3's AQUA wallet allows users to hold Bit and USDT directly on the Bit L2, to better manage their cryptocurrency assets. The company will also add credit card payments, loans, and local Bit purchase and sale methods to make it easier to use in daily financial transactions.
Additionally, JAN3 is working with the government of El Salvador to help build Bit City and enhance the country's digital system.