Ryan Breslow, the founder of one-click checkout company Bolt, is officially back at the helm and making a bold move with the unveiling of a new "superapp" that combines one-click crypto and everyday payments. In an exclusive interview with TechCrunch, Breslow described the new product as a "centralized and personalized hub for financial services" that aims to revolutionize the way people manage their finances.

The new app, available today on iOS and soon on the Google Play store, allows users to buy, sell, send, and receive major cryptocurrencies such as Bitcoin, Ethereum, and Solana directly within the app. Users will also be able to process peer payments with a single click, and the app features a debit card with a rewards program, including up to 3% direct cash back on eligible purchases and up to 7% in Love.com store credits. The app also provides real-time order tracking, a feature already offered by companies like Klarna.

Breslow's return to the CEO role comes after a tumultuous period for Bolt, which faced allegations of inflating metrics and violating security laws while fundraising. The company's revenue growth has been lackluster in recent years, but Breslow hopes to change that with this new consumer app. He claims that Bolt's revenue has not been robust, but the company has still managed to grow its user base, with a two-sided network of tens of millions of U.S. shoppers and hundreds of merchants.

The app's advantage, according to Breslow, is its ability to do what other companies like Coinbase, Zelle, and PayPal do, but from one place via mobile. "I founded Bolt 11 years ago to build the easiest app to buy, sell, and send crypto. I believe this still hasn't been done well in the marketplace. Today marks a significant day: the return of that original vision," said Breslow. "We call it 'Coinbase for the 99%' who may not be the most technical, but still want to participate in the buying and selling of crypto."

Bolt's new app was built within just six months, with a team of around 140 employees working "nights and weekends" to get it ready. The company's president and former interim CEO, Justin Grooms, and chief product officer, Kartik Ramachandran, began work on the app before Breslow was reinstated as CEO. Breslow helped advise them during the months prior to his reinstatement.

Despite the challenges faced by Bolt in recent years, Breslow is optimistic about the company's future. "I've had a tremendous amount of decline over the last three years and have been winning back the trust of judges, investigators, and our team, so it's been incredibly challenging, but it's been a remarkable learning experience," he said. "I've learned more in these last three years than in the 10 years prior to that."

Bolt has managed to settle several lawsuits, including one with former investor Activant Capital, which claimed Breslow saddled the startup with $30 million in debt by borrowing that amount and then defaulting. The case was eventually settled, with Bolt agreeing to repurchase Activant's shares for $37 million last year. The company is now in "early conversations" on a new funding round, which Breslow projects could close "in the mid to near future."

Bolt, which provides software to retailers to speed up checkout, has raised around $1 billion in total venture-backed funding and was once valued at $11 billion. Investors include funds and accounts managed by BlackRock, Schonfeld, Invus Opportunities, CreditEase, H.I.G. Growth, and Moore Strategic Ventures, among others. With Breslow back at the helm and a new "superapp" on the market, it remains to be seen whether Bolt can regain its footing and achieve the growth it once promised.