Bnext Receives Additional $4.5 Million Investment, Led by Borderless Capital To Drive DeFi on Algorand

-Borderless Capital has increased its investment in Spanish fintech Bnext to $10 million with a new investment of $4.5 million.

-This latest investment will help further Bnexts goal to continue introducing bleeding-edge financial technologies throughout 2022 and beyond.

-The Algorand blockchain offers numerous technological benefits including faster transaction speed efficiency, lower fees, no mining requirements and a permissionless pure proof-of-stake (PPoS) approach to consensus, to name a few.

-Bnext has already leveraged Algorand to power its wallet app and is developing several more use cases for the future.

-To show support for the Algorand community, Bnext will be reappropriating 350 million B3X tokens for a private IDO, launching on a leading Algorand DEX soon.

-The token sale has thus far collectively raised $11 million, with Bnext reserving the last remaining tokens for a private IDO for the Algorand community.

-The B3X token is a utility token that underpins the entire Bnext ecosystem, whose mission is to bring financial freedom to a global community of banked and unbanked by expanding access to a growing selection of next-generation financial tools and remaining committed to continuously improving the user experience.

 

 

Bnext Industry Announcement Featured Image Template Bnext Receives Additional $4.5 Million Investment, Led by Borderless Capital To Drive DeFi on Algorand
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