Coin to partner with SquareLoop to Offer Customersa Crypto Wallet!!!!!

With cryptocurrencies entering into the mainstream and becoming an established part of the financial ecosystem, Colorful Coin seeks to offer its customers new crypto products and is investing heavily into enabling infrastructure. Iron Wallet is a secure, on-chain mobile wallet that enables users to store their crypto tokens and transact across the Ethereum network. 

The Iron Wallet app supports the following features:

Fast and accessible

By offering an intuitive platform that consolidates key crypto trading and investment use cases in a user-friendly, mobile-first UI, the Iron Wallet offers Colorful Coin customers a single access point into the world of digital currencies and decentralized finance.

Jonathan Gockel, VP of Product at Colorful Coin, said, “We are excited to be partnering with the SquareLoop foundation to offer a new generation of financial products to our customers. By investing heavily into Layer 2 (L2) infrastructure and cultivating a vibrant ecosystem, SquareLoop can offer users not only the usual benefits of cryptocurrencies but also boasts low transaction fees and high performance, with guaranteed support of up to 8,000 transactions per second."

Michel Fourier, Co-Founder and CEO of SquareLoop, noted that this partnership offers an opportunity to bring many more retail investors into the DeFI space: “We have seen a very enthusiastic update of the crypto investment products among finance professionals and crypto enthusiasts. We hope that this partnership will also allow regular users to benefit from the rapid pace of innovation happening in this space and start growing their financial assets.” The latest quarterly update issued by the SquareLoop foundation indicates that in the last three months more than 50,000 new users transacted on the L2 infrastructure supported by the Iron Wallet.

Getting started

Colorful Coin customers signing up for the Iron Wallet will be able to transfer funds from their Coin accounts to the Wallet free of charge. The Coin support team will also assist customers by providing technical expertise and guidance on the necessary KYC procedures. To celebrate the launch of the wallet, the first 100 customers to deposit funds will receive a deposit of 0.1 ETH (current value of $264).

The Iron Wallet app will be available on the Apple App Store and Google Play Store starting from July 1, 2021. We will be running a closed beta program to onboard a limited number of users before that date.

About SquareLoop

The SquareLoop Foundation is tasked with developing the Ethereum protocol, L2 infrastructure, and DeFi products for retail and institutional investors. Founded in September 2018, SquareLoop has raised more than US$78 million in venture capital and initial coin offering. The Foundation is headquartered in Singapore, with regional offices in Berlin (DE), Vilnius (LT), Ottawa (CA), and Vrbovsko (HR).