Pebble has launched an app that pays you to save, spend, and send your money in one digital wallet. With the rollout of the product, Pebble concurrently announced its $6.2M fundraise to ignite the growth of The Money Revolution.

Pebble’s mission has attracted the support of Y Combinator, East Ventures, Lightshed Ventures, LD Capital, Soma Capital, Cadenza Capital, Eniac Ventures, and Global Founders Capital — as well as NFL superstar Odell Beckham Jr, lead singer of Muse Matthew Bellamy, CEO of Quantstamp Richard Ma, and CEO of Alt Leore Avidar.

Contrary to the rapid rise of technology, banks seem to disregard keeping up with modern times. Banks are providing considerably low interest each month, and they charge sizable fees for access to your own money. The overall personal financial experience still feels extremely archaic.

“Pebble was founded to introduce a new standard to personal finance,” said Sahil Phadnis, Co-Founder and Chief Technology Officer of Pebble. Through Pebble’s digital wallet, users can earn five percent Annual Percentage Yield Rewards on their money and unlimited five percent cashback at their 55 partnered merchants. These include Amazon, Domino’s, AirBnB, Adidas, and more. Additionally, it has collaborated with Mastercard to release a debit card for each user.

Pebble offers the solution that makes these rewards possible. When users deposit money into Pebble, Pebble converts it into a US dollar-denominated blockchain-based currency called USDC. Then, Pebble will lend it out to regulated financial institutions. USDC technology empowers the fastest and cheapest global transactions, so many of the world’s largest financial institutions are willing to pay more to access stablecoins.

With the mindset of financially empowering as many people as possible, Pebble will be using this new capital to fuel its expansion into new global markets. Pebble is looking to release its app throughout Southeast Asia by the end of 2022. Although the Pebble App is currently only available in the United States, Aaron Bai, Co-Founder and Chief Executive Officer of Pebble stated that “Pebble’s community has brought together people around the world who are passionate about building a default-global financial system on the blockchain.”

Pebble will be using this new capital to fuel its expansion into new global markets to financially empower as many people as possible. The company is looking to release its app throughout Southeast Asia by the end of 2022. Although the Pebble App is currently only available in the United States, Aaron Bai, Co-Founder and Chief Executive Officer of Pebble stated that “Pebble’s community has brought together people around the world who are passionate about building a default-global financial system on the blockchain.”

There, users can accumulate the first open rewards currency (aptly named Pebbles) for helping introduce the blockchain economy to the non-crypto world. Pebbles don’t mean or do anything right now. However, these Pebbles are the key to aligning the incentives of their team, investors, partners, merchants, and you to build the new global economy on top of blockchain — together. “It pays to be early”, said Bai.

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