The thesis of Blockchain Venture Studio, which is supported by Pantera Capital and Hack VC, made its debut on the Mezo network of the Bitcoin Network Mezo network.
Mezo is designed to be a Bitcoin financing platform which allows its users to unlock the practical usefulness in BTC and thus become their own bank, according to an announcement sent by e-mail shared with Coindesk.
The project made its debut last year following a round of fundraising of $ 21 million led by Pantera.
Users can use their BTC as guarantee for mint and spend the stable native Musdoin of Mezo, which creates a circular economy powered by the BTC.
An obstacle in progress to a broader adoption of Bitcoin is that reluctance must sell or spend it, which can be out of concern to lose value linked to their assets. This, among many other reasons, can explain why Bitcoin has not yet proven itself as a form of money beyond being a value store.
“The holders did not have many options to use their Bitcoin without abandoning it,” said the CEO of the thesis, Matt Luongo.
“With[mezo}jepeuxgarermonbtcacccaccatefritoanumberoftherecent[Mezo}IcanparkybtCacCececreitliveLiveMyLIFETHISISWHATBEINGYOUROWNBANKWASALWASALWAYSMETOLOKOKLIKEITFINALLYLESHODLERSHAVERTHEIRCAKAKAKEADADADEADADEATOO”[Mezo}jepeuxgarermonBTCaccéderàunelignedecréditetvivremavieC’estàquoisertvotreproprebanque[Mezo}IcanparkmyBTCaccessacreditlineandlivemylifeThisiswhatbeingyourownbankwasalwaysmeanttolooklikeItfinallyletsHODLershavetheircakeandeatittoo”
Mezo has teamed up with numerous crypto platforms that provide use cases such as Bitrefill in electronic trade store, which offers gift cards for Musd, and BTC Finance App Fold (FLD), which offers a cashback debit card and provides Bitcoin rewards.
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