Regulated Noncustodial Swiss Bitcoin App Relay announced the launch of “Relai Business”, a new OTC service for business customers.
According to the statement sent to Bitcoin Magazine, Relai Business will allow small and medium-sized businesses to buy bitcoins in one day. The service is Relai’s second OTC solution, the first, Relai Private, being aimed at high net worth individuals, allowing transactions above 100,000 CHF/EUR.
“It’s a huge market we’re entering: there are 25 million SMEs in Europe, and a growing number of them are run by bitcoiners,” commented Julian Liniger, CEO and co-founder of Relai. “Over the next ten years, millions of businesses will want to allocate billions in bitcoin, and we’re going to make it easy for them!”
The Relai app recently got a complete overhaul, including a simpler shopping flow and improved UX. The company has also added support for VISA, Mastercard, and Apple Pay, increasing options for users to purchase bitcoins. According to the press release, “the Swiss company recently announced record numbers in terms of both active users and transaction volume.”
Relay allows users to retain as much control over their money as possible. The app provides noncustodial wallets that allow users to retain control of their own keys and therefore full sovereignty over their bitcoin. However, it should be noted that the safest way to store bitcoins is still in cold storage using a dedicated hardware device.