Bare Bitcoin: Investing made easy through open banking
powered by open banking
Our collaboration
Bare Bitcoin was launched in 2021 with the simple idea to become the preferred platform for buying Bitcoin in Norway.
The crypto market was experiencing an influx of alternative coins and shady exchanges, creating conditions that were overwhelming and higher risk particularly for new investors. Bare Bitcoin’s founders saw the need and opportunity to provide a platform exclusive to Bitcoin and that makes investing easy to understand that could also help educate consumers. Leveraging the safer investing environment in Norway and their expertise, the founders set out to show that their platform and Bitcoin were different, building trust and a solid reputation in the community.
Key to developing that user journey was enabling a better way for customers to fund new accounts and top-up their digital wallets. Traditional bank transfers require users to navigate away from the platform to set up the transfer. Depending on the banks network and agreements with other banks the transfers can take 1-3 days.
To solve this challenge, they turned to open banking and Neonomics to find an alternative payment method that would seamless, secure, and easy integrate. Using Nello Pay, Neonomics' frictionless Pay by Bank solution, to enable their users to make instant bank transfers right from their platform. The payments made using Nello Pay proved to be easy to track through real-time payment statuses, and they settle quickly, so their users never miss an investment opportunity.
How it works
In just a few clicks, investors can authenticate their identity and initiate an instant bank transfer right from Bare Bitcoin’s platform.
The payment is verified near-instantly, enabling the users of the platform to make an investment purchase – no hassle, no wait.
A direct payment solution customers love
Frictionless Payments
Nello Pay provides a streamlined in-app payment experience that makes initiating payments from your platform easier than ever.
Accessible for all
Anyone with a bank account can top up their account or make an immediate trade, even outside banking hours.
Secure and reliable
Pay by Bank payments use secure authorization (BankID, MittID), account owner verification and end-to-end encryption to prevent fraud.
Hear from the client
"We’ve had a lot of issues with card payments that have taken a long time to resolve. With Neonomics, we found a proactive and engaged partner who took the time to understand what we were building and how it would work from the very beginning and has been an active partner in helping us build the best customer experience possible"
Bjørn Olav Jalborg
CTO, Bare Bitcoin
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