Bolt’s Ryan Breslow pins his hopes on a new app that takes on Coinbase, Zelle, and PayPal

Ryan Breslow is officially back. While the founder of one-click checkout company Bolt re-assumed its helm as CEO in March, Breslow is unveiling Wednesday a new “superapp” that he hopes will formally mark his return as the fintech’s leader. He describes the new product as “one-click crypto and everyday payments” in a single platform, in an exclusive interview with TechCrunch. The controversial entrepreneur famously stepped down in January 2022 from the San Francisco-based company he started in 2014 after dropping out of Stanford. In recent years, Breslow has been the target of more than one investor lawsuit and faced allegations that he misled investors and violated security laws by inflating metrics while fundraising the last time he ran the company. Breslow acknowledges that Bolt’s revenue has not been robust in recent years. But he hopes to change that with this new consumer app, which he ambitiously hopes will serve as “a centralized and personalized hub for financial services.” ... Read full article.