Bare Bitcoin was launched in 2021 with the simple idea to become the preferred platform for buying Bitcoin in Norway. The crypto market was experiencing an influx of alternative coins and shady exchanges, creating conditions that were overwhelming and higher risk particularly for new investors. Bare Bitcoin’s founders saw the need and opportunity to provide a platform exclusive to Bitcoin and that makes investing easy to understand that could also help educate consumers. Leveraging the safer investing environment in Norway and their expertise, the founders set out to show that their platform and Bitcoin were different, building trust and a solid reputation in the community.
Key to developing that user journey was enabling a better way for customers to fund new accounts and top-up their digital wallets. Traditional bank transfers require users to navigate away from the platform to set up the transfer. Depending on the banks network and agreements with other banks the transfers can take 1-3 days. They turned to open banking to provide an alternative that would seamless secure and easy integrate.
Neonomics Checkout provided them with an automated solution that enables their users to make instant bank transfers right from their platform, that are easy to track, and settle quickly so users can invest in timely way.
