Base8 Launches Bitcoin Neobank, Bringing Layer 3 Simplicity to Mobile

The roadmap features L2 payments, trading, and DeFi, with a UX that adopts Satoshis (SATs), Bitcoin's more intuitive smallest denomination.

New York, USA/NY, October 24th, 2024, Chainwire

The roadmap features L2 payments, trading, and DeFi, with a UX that adopts Satoshis (SATs), Bitcoin’s more intuitive smallest denomination.

Base8, a Bitcoin Layer 3 platform for mobile, is proud to announce its official launch, bringing a seamless, easy-to-use solution to the world of cryptocurrency. Built for new and experienced users, Base8 will integrate Bitcoin Layer 2 (L2) solutions like the Lightning Network for fast payments, Babylon for Bitcoin staking, and Stacks for Bitcoin DeFi. Additionally, the app is one of the first to support SATs (Satoshis), and already offers trading in 35+ other liquid tokens, making Bitcoin utility and crypto investing more accessible to everyday users.

A Bitcoin Neobank for the Digital Economy

Base8’s vision extends beyond simple crypto investment. The platform is evolving into a universal digital banking solution for Bitcoin that merges centralized investing with decentralized finance (DeFi) and utility. With its focus on SATs and commitment to supporting native Bitcoin L2s, Base8 offers users a simple and secure way to invest, manage, and use crypto assets, with all the advantages of Bitcoin’s decentralized settlement layer.

“Bitcoin is meant to be so much more than just an asset to buy and hold, yet that’s how the majority of the two hundred million people use it,” said Alex Shapiro, Co-Founder and CEO of Base8. “We’re building Base8 to deliver on Bitcoin’s full potential by making the user experience simple while handling the complex decentralized integrations under the hood.”

Simplifying Bitcoin with SATs

Base8 features SATs (Satoshis), the smallest denomination of Bitcoin, to help users trade, invest, and manage their assets without the confusion of decimals. The app’s intuitive design, combined with institutional-grade security and custody, makes it one of the most secure and practical platforms for retail investors. Users can fund their accounts with ACH, SEPA, debit/credit cards, and crypto deposits, allowing them to instantly participate in the crypto economy.

Crowdfunding Campaign on Republic

Together with its launch, Base8 has gone live with a $1.24M crowdfunding campaign on Republic, and aims to raise a total of $3.5M in their seed round, which follows a successful $500k pre-seed raised in 2023. With a waitlist of over 31,000 users and nearly 1,000 beta testers, the campaign offers an opportunity for early supporters and crypto enthusiasts to participate in building a project centered around accessibility and the future of Bitcoin.

“Base8 is more than just an app—it’s a movement to make Bitcoin practical. By joining our crowdfunding campaign, you can be a part of our growth and help shape the coming Bitcoin economy” , added Mohamed Saidi, Co-Founder and Chief Strategy Officer of Base8.

Funds from the campaign will be used to enhance Base8’s core tech offerings and L2 integrations, as well as user acquisition initiatives. Planned releases for 2025 include a Bitcoin Lightning wallet, a debit card with Apple NFC, and decentralized features such as staking, yield generation, and cross-chain swaps. These features will transform Base8 into a comprehensive, all-in-one platform that integrates both centralized and decentralized services, offering users the best of both worlds.

About Base8

Base8 is a next-generation Bitcoin Layer 3 platform designed to make Bitcoin utility more accessible to everyday users. With a focus on simplifying Bitcoin transactions and offering a user-friendly experience, Base8 integrates key features like SATs (#StackSATs), Layer 2 solutions, and institutional-grade security, creating a seamless entry point for both retail and institutional investors. Base8 believes Bitcoin should be used as originally intended – as the digital money of the future.

Base8 Website: https://base8.app/

Users can download the Base8 App: Apple Store | Google Play Store

Users interested in investing in Base8 on Republic can do it here.

For press inquiries or more information, contact: [email protected]