Base8 Launches UserFriendly Bitcoin Neobank and Initiates Crowdfunding Campaign on Republic

Crypto Coin News Report:
[Press Release – New York, New York, October 24, 2024]
Featuring L2 payments, trading, and DeFi, this roadmap adopts a more intuitive minimum denomination of Satoshis (SAT) compared to Bitcoin.
Base8
Bitcoin Layer 3 mobile platform proudly announces its official launch, bringing a seamless and user-friendly solution to the world of cryptocurrency. Designed for both beginners and experienced users, Base8 integrates Bitcoin Layer 2 (L2) solutions such as the Lightning Network for quick payments, Babylon for Bitcoin staking, and Stacks for Bitcoin DeFi. Additionally, the application is one of the first to support SAT (Satoshis) and offers trading for over 35 other liquid tokens, making Bitcoin utilities and crypto investments more accessible to everyday users.
Bitcoin’s New Digital Bank for the Digital Economy
Base8’s vision goes beyond simple cryptocurrency investments. The platform is evolving to become a universal digital banking solution for Bitcoin, combining centralized investments with decentralized finance (DeFi) and utilities. Base8 focuses on SAT and is committed to supporting native Bitcoin L2, providing users with a simple and secure way to invest, manage, and utilize crypto assets, leveraging all the advantages of Bitcoin’s decentralized settlement layer (i.e., the blockchain).
Alex Shapiro, Co-founder and CEO of Base8, stated, “Bitcoin is not just an asset to buy and hold, but that’s how the majority of the two billion people use it.” “We are building Base8 to unlock Bitcoin’s full potential by simplifying the user experience and handling complex decentralized integrations.”
Simplifying Bitcoin with SAT
Base8 adopts the smallest denomination of Bitcoin, SAT (Satoshis), to help users transact, invest, and manage assets without dealing with decimals. With its intuitive design, institutional-grade security, and custody, the application becomes one of the safest and most practical platforms for retail investors. Users can fund their accounts instantly using ACH, SEPA, debit/credit cards, and cryptocurrency deposits, enabling immediate participation in the crypto economy.
Republic Crowdfunding Campaign
Upon its launch, Base8 has already raised $1.24 million in a Republic crowdfunding campaign and plans to raise a total of $3.5 million in the seed round after a successful seed round of $500,000 in 2023. The campaign has a waitlist of over 31,000 users and close to 1,000 testers, providing an opportunity for early supporters and crypto enthusiasts to participate in building a project focused on Bitcoin accessibility and the future.
Mohamed Saidi, Co-founder and Chief Strategy Officer of Base8, added, “Base8 is not just an application; it is a movement to make Bitcoin practical. By joining our crowdfunding campaign, you can become a part of our growth and help shape the forthcoming Bitcoin economy.”
The funds from this campaign will be utilized to enhance Base8’s core technological products and L2 integrations, as well as user acquisition plans. The 2025 release includes features such as a Bitcoin Lightning wallet, debit cards with Apple NFC, and decentralized functionalities like staking, yield generation, and cross-chain swaps. These features will transform Base8 into a comprehensive, integrated platform that combines centralized and decentralized services, providing users with the best of both worlds.
About Base8
Base8 is the next-generation Bitcoin Layer 3 platform aimed at making Bitcoin utilities more accessible to everyday users. With a focus on simplifying Bitcoin transactions and providing a user-friendly experience, Base8 integrates key features such as #StackSAT, L2 solutions, and institutional-grade security, creating a seamless entry point for both retail and institutional investors. Base8 believes Bitcoin should be used as intended – as the future of digital currency.
Base8 Website: https://base8.app/
Users can download the Base8 application from the Apple Store or Google Play Store.
Users interested in investing in Base8 on Republic can do so here.
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