Switzerland-based bitcoin application Relai has raised $12 million in a Series A funding round led by Ego Death Capital. The funding will be used to expand the company's services in Europe and obtain a license under the new Markets in Crypto Assets regime. Relai, which promotes self-custody of bitcoin, has seen significant adoption in Switzerland, with over 400,000 downloads. The company aims to educate and onboard millions of Europeans to bitcoin.



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