- JAN3 raises $5M to simplify Bitcoin and Layer 2 adoption worldwide.
- The company’s AQUA Wallet boosts Bitcoin use with faster, cheaper transactions.
- JAN3’s Bitcoin Treasury signals confidence in long-term Bitcoin value.
JAN3, a Bitcoin technology company founded by Samson Mow, has raised $5M to drive the adoption of Bitcoin and Layer 2 solutions. This new funding will focus on making Bitcoin more accessible, scalable, and practical for global use.
JAN3 Secures $5M to Drive Bitcoin Adoption
JAN3 is a Bitcoin technology company that was founded by Samson Mow. The firm has secured $5 million to enhance Bitcoin adoption and make Layer 2 solutions easier to use in areas with limited access to financial services. The major contributors to this fund include Fulgur Ventures, Tether and Grupo Salinas who expressed the increased interest in Bitcoin as a financial tool.
The firm will use part of the $5 million raised to fund the establishment of the 12 BTC Bitcoin Treasury. JAN3 acquired the BTC at an average price of $83,333 each. This highlights the company’s confidence in Bitcoin’s future value and its role as a financial asset.
The company seeks to address issues related to Bitcoin scalability and increase its use in areas with limited access to financial services. JAN3’s AQUA Wallet allows users to transact Bitcoin and Tether on Layer2 solutions which is cheaper and faster. This aims to bypass challenges in Bitcoin transactions and make it efficient for everyday use.
JAN3’s push for Bitcoin adoption comes at a time when Bitcoin is shifting from speculative uses. The AQUA Wallet recorded $11 million in swap volumes in November 2024 which shows the increased demand for Bitcoin-based financial tools. Moreover, Layer 2 technologies such as the Lightning Network play a critical role in the integration of Bitcoin in everyday finance.
JAN3 plans to introduce additional services like credit card payments, loans and local methods to buy and sell Bitcoin. These services will enable users to adopt Bitcoin into daily financial activities. The company’s efforts align with its mission to make Bitcoin a global financial tool.
JAN3 Partnerships
JAN3 has partnered with the El Salvador government to construct a Bitcoin City in the country. The company seeks to improve the adoption of Bitcoin in the nation’s economy as part of El Salvador’s broader strategy. The initiative illustrates the importance of Bitcoin in countries like El Salvador which still has limited banking services.
Grupo Salinas, through Banco Azteca, has supported these efforts to target unbanked regions. Additionally, East Ventures offers its expertise to increase the adoption of Bitcoin in Southeast Asia. These partnerships demonstrate the importance of Bitcoin in reducing financial inequality, especially regions such as Latin America and Southeast Asia.
However, the adoption of Bitcoins remains a challenge especially in terms of scalability and use. All Layer 2 solutions have improved transaction speed and cost although they are not widely used. JAN3’s funding and projects reflect a shift in the cryptocurrency space towards more practical and inclusive applications.