Bitcoin wallet Xverse raises $5M from Jump Crypto

Xversea Bitcoin wallet compatible with Stacksthe ordinals and soon the LNhas completed a fundraising from 5 million dollars directed by Jump Crypto.

This Thursday, Xverse has announced that it has collected 5 million dollars in a round of financing led by Jump Crypto, the digital assets arm of U.S.-based Jump Trading.

Available on iOS, Android and through a Chrome browser extension, Xverse is a wallet a natural way to store BTC.

The wallet is also compatible with the entire ecosystem Bitcoinincluding Stacks, a layer 2 dedicated to the queen of cryptos, and ordinals, a series of NFT minted on the BTC blockchain.

Xverse should also soon support the Lightning Network, a popular P2P payment protocol built on top of Bitcoin, enabling faster and cheaper transactions.

Other investors backing the project include Sfermion, NGC Ventures, 2140 Bitcoin Ecosystem Fund, Franklin Templeton and Bitcoin Frontier Fund.

This seed funding sends a strong signal for Bitcoin, the most decentralized and secure settlement layer. It will enable us to accelerate advanced features around DeFi, Stacks, Lightning and other Bitcoin scalability solutions,” said Xverse founder Ken Liao in a statement.

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