JERSEY CITY, NJ — April. 12, 2024— Coinbits Inc., a pioneer in user-friendly bitcoin software, announces the launch of its innovative hybrid banking app that caters to the evolving needs of consumers in the U.S., enabling efficient management of both digital and fiat currencies.
Key Highlights
- Hybrid Banking: The app integrates bitcoin and dollar banking, offering automated bitcoin transactions and payments alongside conventional banking features such as ACH, wire transfers, and soon, peer-to-peer cash payments and personal spending insights.
- Commitment to Security and Choice: Reflecting on the importance of streamlined self-custody, it encourages users to manage their assets securely providing tools that bridge the gap between the convenience of cloud-based banking and self-sovereign offline wallets.
- Upcoming Enhancements: With a focus on hybrid banking, expected near-term enhancements to include familiar banking features like direct deposit and debit cards, alongside innovative bitcoin features including access to Layer 2 (L2) networks.
A Vision for the Future of Money
Understanding that hyperbitcoinization is a gradual process, Coinbits is committed to facilitating a smooth transition by providing effortless management of bitcoin alongside fiat currencies. By offering a integrated environment for managing bitcoin and dollars, the firm is setting a new standard for personal finance software.
“Coinbits is a pioneer in hybrid banking, and today’s announcement underscores our progress in shaping the future of money,” said Dave Birnbaum, VP of Product and Marketing. He added:
“We have delivered a product that positions Coinbits as a key fintech innovator, providing a strong foundation in a vibrant and growing market where consumers value bitcoin and dollar banking experiences that work well together.”
About Coinbits
Founded in 2017, Coinbits has been at the forefront of making bitcoin accessible and manageable, blending it with traditional banking features to serve the modern user’s needs. As the world moves towards a more diverse financial ecosystem, Coinbits is leading the way in offering solutions that bridge the gap between digital and fiat currencies.
For further information, visit www.coinbits.app or follow @CoinbitsApp on X (Twitter).
Media Contact
David Waugh — Coinbits Inc.
Investor Contact
Dave Birnbaum — Coinbits Inc.
