Bleap Receives $15,000 grant from Covalent

At Bleap, we have been working hard to bring you the world’s first wallet-connected debit card. With the Bleap card, you can now spend your funds directly from any EVM non-custodial wallet without the hassle of off-ramping or locking/transferring your on-chain balance. As we approach our go-live date, we are thrilled to unveil some of the amazing progress our team has made.

We are excited to share that we have received a $15,000 grant from Covalent!

Covalent is one of the biggest providers of blockchain data, making this grant a testament to Bleap’s mission of bringing day-to-day finance on-chain.

So how will Bleap use Covalent?

Covalent will play a pivotal role in powering almost all Bleap features:

1. Spend your funds with a debit card

2. Buy crypto without fees

3. Sell crypto into your bank account

4. Send crypto to your friend's bank account

To achieve this, we employ the Unified API for token balances. More specifically, because with Bleap you use the funds from your connected wallet, we use Covalent’s API to:

• Monitor balances and wallet events, ensuring you can utilize your balance seamlessly with our spend feature;

• Monitor our operational wallets, enabling you to sell and send crypto with ease;

• Notify you promptly when your crypto lands after a purchase;

How does this grant help Bleap’s mission?

By tapping into the robust infrastructure provided by Covalent, we can elevate the customer experience, offering low latencies and continuous updates on wallet events. Furthermore, with Covalent's support for over 200 chains, Bleap is well-positioned to expand its supported chains rapidly, advancing our mission to redefine the landscape of blockchain-integrated financial solutions.

Stay tuned for more updates as we continue to break new ground in the world of DeFi!