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Safello Announces Private Beta Launch of Safello Wallet, a Digital Mobile-First Cryptocurrency Wallet

[image] Stockholm, 30 August 2021 | Swedish fintech Safello (https://safello.com/) today announced the launch of a private beta programme for Safello Wallet, a digital mobile-first crypto wallet. The announcement comes on the heels of Safello's partnership with Fireblocks, the industry-leading platform for securing digital assets.

Safello Wallet opens a completely new customer segment. People who are new to the crypto market can go from zero (i.e. no previous holdings, no digital wallet and no experience), to buying their first Bitcoin or Ethereum in a few seconds. All needed is to verify your identity with Mobile BankID, and pay with Swish. The assets can be received and stored securely in the Safello Wallet.

- We are constantly striving to help more people get started in the crypto economy by making that process as simple and secure as possible. One of the biggest obstacles is that first-time users are required to have a digital wallet that is enabled to store cryptocurrencies. With the launch of Safello Wallet, we are removing the last threshold to help new users from entering the crypto world, said Frank Schuil, CEO and co-founder of Safello.

Thanks to advanced cryptographic MPC technology, Safello Wallet offers the highest possible security that eliminates the single point of failure for private keys.

Beta invitations will be distributed at a later stage to select users via the company's official Discord (https://discord.com/invite/bfk2U8AXvK). Safello Wallet is one of two major product releases planned for the second half of 2021. The company's other product, Safello Subscription, was recently opened to external users.

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This information is such that Safello Group AB is required to disclose in accordance with the EU Market Abuse Regulation. The information was provided by the contact person below, for publication on 30 August 2021.

For more information, please contact
Johan Edin, CFO Safello, press@safello.com

Certified Adviser
Corpura Fondkommission AB, info@corpura.se,+46 722 52 34 51

Safello is an online cryptocurrency brokerage. Registered as a financial institution with Finansinspektionen (Swedish FSA), Safello offers a secure way to buy and sell crypto, in seamless transactions at industry-leading speeds. Partners integrate Safello's brokerage solution to their web and mobile applications. Operational since 2013 in Sweden, Safello is driving crypto adoption for users, with a safe, efficient and user-friendly platform.

Source: Cision
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