The explosion of cryptocurrencies since the beginning of the 21st century has been one of the most important financial developments in history. Now, crypto is becoming increasingly spendable, with major companies like Microsoft, Tesla and Paypal accepting cryptocoins like Bitcoin as payment. However, keeping track of cryptocurrencies and using them to pay for things has historically been a difficult task, especially for everyday users.
Valora is looking to fix this. A mobile-first crypto wallet, Valora's strategy is aimed at making blockchain useful and accessible on even the most basic smartphones. This has big potential: there are over 6 billion smartphone users worldwide and, with crypto-wallets a long way off being widespread, Valora has a great opportunity to establish itself as an early leader in this market.
That being said, Valora will be competing with a number of crypto wallets that are similarly new on the scene, such as Coinbase, Ledger and Exodus. The company is targeting rapid expansion in order to get ahead, and is deploying the major funding it has received for this purpose. Aiming to distinguish itself through a simple and intuitive product, Valora could be a game changer when it comes to digital asset payments.
Kirsty
Company Specialist at Welcome to the Jungle