Blockchain Venture Studio’s thesis, backed by Panther Capital and Hack VC, has presented its Bitcoin Layer-2 network of Mezo’s Mainnet.
Mezo is built to be a Bitcoin finance platform that allows its users to unlock the practical utility in BTC and, therefore, to become its own bank, according to an announcement sent by email shared with COINDESK.
The project debuted its testnet last year after a fund collection round of $ 21 million directed by Pantera.
Users can use their BTC as a guarantee for mint and spend the native Musd Musd of Mezo, this creating a circular economy driven by BTC.
A continuous barrier for the broader adoption of Bitcoin is the reluctance that users have to sell or spend it, which can be a reason for concern for losing value tied in their holdings. This, among many other reasons, can explain why Bitcoin has not yet demonstrated a form of money beyond being a value reserve.
“The headlines have not had many options to use their bitcoin without giving up,” said the thesis CEO, Matt Luongo.
“With[mezo}IcanbestaidarmibtcCcederaunalnaDecréditoandliverMividasíesísiempresesuoniaqueSrsupropiobanco[Mezo}icanparkMybtcCeCcessAcreditlineandLIVEMYLIFEHISWHATBEINGYOUROWNBANKWASALWAYSMANTOLOKLIEITFINTFINTETSHODLESHAVETHEIRCAKEEND[Mezo}puedoestacionarmiBTCaccederaunalíneadecréditoyvivirmividaAsíescomosiempresesuponíaquesersupropiobanco[Mezo}IcanparkmyBTCaccessacreditlineandlivemylifeThisiswhatbeingyourownbankwasalwaysmeanttolooklikeItfinallyletsHODLershavetheircakeandeatittoo”
Mezo has been associated with numerous cryptographic platforms that provide use cases such as the Bitrefill Electronic Commerce store, which offers gift cards for MUSD and BTC Finance APP FOLD (FLD), which offers a cash refund card and offers Bitcoin rewards.
Read more: Steak n
