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Safello Releases Its Long-Awaited Wallet - Enabling 8 Million Swedes to Instantly Buy and Store Crypto in Less Than a Minute

[image] Stockholm, 5 October 2021 | Swedish fintech Safello (https://safello.com/) today announced the launch of its digital mobile-first cryptocurrency wallet, Safello Wallet, after successful beta rollouts.

On August 12, 2021, Safello entered into an agreement with Fireblocks, the industry-leading platform for securing digital assets, to license their unique wallet infrastructure. Shortly thereafter, Safello launched a private beta programme, which then opened to external users in late September.

Today, Safello Wallet is released to the public, positioning Safello as the true one-stop-shop for crypto in Sweden. Over 8 million Swedes now have the ability to instantly trade and store cryptocurrencies with Swish and Mobile BankID in less than a minute.

With Safello Wallet, users can receive and store cryptocurrencies with the highest possible security available on the market, thanks to Fireblocks' advanced cryptographic MPC technology that eliminates the single point of failure for private keys. Safello uses the same approach as traditional banks, where access is provided smoothly via BankID without the need for complex passwords or keys.

"Today's launch marks an important milestone for Safello and the Swedish crypto community in general. I am proud that we can offer a complete solution for buying and storing cryptocurrencies. Thanks to the simplified onboarding, we are making crypto available to a large part of the population who were simply not interested in going through the complexity of crypto transactions and wallets," says Frank Schuil, CEO and co-founder of Safello.

For more information, go to safello.com/wallet

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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 5 October 2021.

For more information, please contact
Johan Edin, CFO Safello, ir@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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