Wallet.app launches the next step in its fully compliant European crypto custody wallet, exchange and payment platform that will allow users to hold and transact a wide range of crypto assets seamlessly, cost-effectively and efficiently . .
It now invites crypto communities to add their projects to the wallet.app and encourage their followers to vote for the inclusion of their coins.
Entry priority will be based on the number of votes cast by a community, the merits of the coins being considered, the potential of the project, and business, legal, and technical factors. Coin market capitalization, trading volume and number of exchange listings are not important in this selection process.
This digital asset listing procedure presents a significant opportunity for the growing global crypto community as adding a coin to the wallet.app will provide included projects with visibility, ease of use, readability and, most importantly, a free listing on a fully compliant, EU-based crypto exchange.
It is expected that coins will be listed on the platform at the targeted rate of two coins per week.
Free submission and voting is done here, where progress and coin listing activities are displayed.
This payment platform consists of three main components; wallet.app, a cross-platform, multi-currency mobile wallet app; a crypto exchange that allows the exchange of value between the cryptocurrencies listed in wallet.app and a selected basket of common digital assets; and payment gateways that facilitate the external transfer of crypto assets for commerce transactions.
wallet.app was specifically designed as a custodial wallet that will drive mass adoption and usage of crypto assets and features an attractive, easy-to-use and intuitive user interface.
Participants are able to store and transact a huge selection of crypto assets, with transfers between wallet users be instant and free.
The payment gateways under development will be essential components of the wallet.app services, enabling retail and online businesses to accept crypto payments made through the app.
Additionally, these components will allow users to spend crypto using a virtual VISA debit card, buy crypto with credit cards, and allow businesses to issue their own digital assets, loyalty points or coupons, which will be directly available on the application.
It is important to note that users can download wallet.app, open an account and transact without undergoing identity verification procedures. All that is required is an existing login using a personal online profile such as Apple ID, Google, Twitter, Discord or LinkedIn.
In this case, according to the European regulations in force, the maximum deposit in a wallet.app will be limited to 1,000 USD (or equivalent), allowing community members to experience the wallet and exchange services without undergoing more stringent know-your-customer (KYC) procedures.
Users who wish to execute trades over the $1,000 limit will be subject to a mandatory yet user-friendly KYC procedure.
For more information, please join the community on an official Discord channel.
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