Bolt has launched a new SuperApp aimed at unifying crypto and everyday payments into a single seamless experience, stepping up competition with players like Coinbase, PayPal, and Zelle. This marks the first major release under founder Ryan Breslow’s renewed leadership, following his return to the CEO seat last month.
Breslow, who founded Bolt in 2014, stepped down in early 2022 amid controversy over a $30 million personal loan drawn from the company, which led to a legal dispute with investor Activant. The conflict was resolved last year when Bolt repurchased Activant’s shares for $37 million.
With a renewed vision and a past valuation of $11 billion, Breslow is steering Bolt away from its recent struggles and low revenue growth by transforming it into a centralized hub for financial services. The SuperApp combines one-click crypto transactions, digital payments, shopping, and rewards in a single interface.
“Bolt’s app is fast, simple, rewarding, and radically consumer-first,” said Breslow. “No more juggling apps, no more friction. Just one single app, and one single click, for everything to do with your money with ease.”
Key features of the SuperApp include one-click crypto, a rewards-based cashback debit card, and peer-to-peer payments. Additional functionalities are expected soon. The app is currently available for download via Bolt’s website, with iOS users being placed on a waitlist. Full iOS access will roll out selectively starting next week, followed by Android in the coming months.