SafePal Launches Crypto Wallet on Telegram, Supports Visa Transactions
- SafePal lunchs Telegram Mini App wllt, offring Swiss bnk-bckd ccounts to 950 million usrs.
- Th wllt intgrts CDFi principls, providing scur nd complint crypto bnking xprinc.
- SafePal ims to xpnd its rch with digitl Mstrcrd crd nd incrsd blockchin introprbility.
Slf-custodil wllt providr SafePal hs officilly lunchd its Telegram Mini Wllt App. This mov positions SafePal s th first to intgrt CDFi (cntrlizd-dcntrlizd finnc) principls within Tlgrm Mini App, potntilly unlocking nw r of usr-frindly nd scur crypto bnking for millions.
Empowering Users with Compliance and Security
Announcd on Novmbr 2nd, th SafePal Telagram Mini Wllt App llows Tlgrms 950 million usrs to crt complint crypto-frindly bnk ccounts. Rgultd by th Swiss Finncil Mrkt Suprvisory Authority (FINMA), ths ccounts im to nhnc scurity in th dcntrlizd finnc (DFi) spc. Th pp is st to lunch ltr this month, intgrting bnking fturs within th Tlgrm intrfc.
Byond ccount crtion, usrs cn conduct trnsctions with digitl Vis crd, nbling sy xchngs btwn crypto nd fit currncis within Tlgrm. This intgrtion strmlins th procss, liminting th nd for complictd trnsfrs btwn wllts nd xchngs.
Th onbording procss mphsizs usr sfty nd complinc. Aftr complting Know Your Customr (KYC) chcks, usrs will b bl to connct thir nwly crtd bnk ccounts to th digitl Vis crd. This procss is fcilittd by Fit24, Swiss-licnsd dposit-tking fintch compny. SafePal mphsizs tht rgistrtion dt nd csh ccounts r mngd sprtly by Fit24, upholding th principls of dcntrliztion nd nonymity cntrl to its non-custodil wllt suit.
SafePals Strategic Vision for Growth
SafePals mbitions xtnd fr byond th initil lunch. Th compny intnds to quip th wllt with swp function, nbling usrs to lvrg ovr 100 blockchins for incrsd introprbility. Additionlly, plns for gogrphicl xpnsion r undrwy, with focus on Europn nd Asi-Pcific rgions. Th finl qurtr of 2024 is projctd to s th lunch of digitl Mstrcrd crd, furthr xpnding usr choic.
This strtgic mov by the company coms midst burgoning trnd of crypto firms vnturing into Tlgrms crypto cosystm. Mjor plyrs lik Bitgt nd OKX hv rcntly lunchd thir own crypto wllts on th pltform. Howvr, SafePal diffrntits itslf by intgrting CDFi principls, potntilly offring mor scur nd complint solution for th vrg Tlgrm usr.
Vronic Wong, CEO of SafePal, cknowldgd th positiv trnd of wllt buildrs rcognizing Tlgrms ffctivnss in onbording usrs into Wb3. Sh notd tht whil this rcognition is bnficil, th primry focus mong dvloprs rmins on introprbility, spcificlly in mnging ssts cross vrious blockchins.
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Read more: https://www.tronweekly.com/safepal-launches-crypto-wallet-on-telegram/
Text source: TronWeekly
