viernes, enero 20, 2023
InicioTechnologyYC-backed Blocknom desires to change into the ‘Coinbase Earn of Southeast Asia’...

YC-backed Blocknom desires to change into the ‘Coinbase Earn of Southeast Asia’ – TechCrunch

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Blocknom, a crypto-earning platform in Y Combinator’s present batch, has aspirations to change into the “Coinbase Earn for Southeast Asia.” As we speak the corporate introduced it has raised $500,000 in pre-seed funding from Y Combinator, Quantity Capital and Magic Fund.

Blocknom’s co-founders, Fransiskus Raymond and Ghuniyu Fattah Rozaq say the app offers customers a safe method (it companions with crypto infrastructure firm Fireblocks) to get secure, high-yield curiosity of as much as 13% each year. It additionally permits customers to withdraw their cash at any time with out charges.

The 2 founders met whereas engaged on an open supply undertaking in 2020, across the begin of the pandemic. “We observed throughout COVID, the crypto market is booming in Indonesia, whereas we have been each already crypto buyers,” Raymond advised TechCrunch.

“We talked to customers and located that not everybody can do effectively in buying and selling.” They discovered that DeFi is a secure and high-yield strategy to acquire by crypto, however there have been no competing merchandise in Indonesia, in order that they determined to construct one themselves. Its DeFi companions embody Compound, AAVE, Terra and Cake.

After signing up for Blocknom, customers with a checking account can deposit Stablecoins, which the founders selected as a result of it’s the most comparable to standard financial institution deposits and due to this fact accessible to new crypto customers.

Raymond stated Blocknom differentiates from funding apps by encouraging folks to avoid wasting and maintain their Stablecoin for the long-term.

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