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French Bitcoin app Bitstack completes $15 million funding, launching BTC cashback credit card next year.
[Block Rhythm] There is an application called Bitstack in France that focuses on Bitcoin savings, which recently secured $15 million in Series A funding. The lead investor is 13books Capital, and old shareholders like YC, Serena, and Plug and Play have also continued to participate.
This money is mainly used for two things: first, to continue expanding territory in Europe, and second, to upgrade product features. Speaking of products, they plan to launch an interesting VISA debit card called Stackback next January, which will allow users to earn Bitcoin on card purchases.
The team's ambition is not small, directly stating that they want to create “the leading Bitcoin savings platform in Europe.” With this momentum, they seem to want to make a name for themselves in the European market.