Bitfinex lists Pigzbe’s Wollo (WLO) listed as first Stellar XLM token

Today, world-leading crypto trading platform Bitfinex listed its first Stellar (XLM) token – Wollo (WLO) –  marking the start of an ongoing relationship with Pigzbe to promote financial education and access to cryptocurrencies. Bitfinex will open trading for WLO/USD and WLO/XLM trading pairs on 19th November 2018.

Wollo (WLO), created by London fintech startup Pigzbe, is a family-friendly cryptocurrency that teaches financial literacy. WLO will be the first cryptocurrency distributed with a physical product and aims to become the go-to currency for families across the globe.

Pigzbe’s part-physical, part-digital ‘piggy-wallet’, is one of the first consumer applications of blockchain technology. The Pigzbe device, which runs on WLO, is designed to introduce children age 6+ to modern money management while teaching them good financial habits in a safe and secure setting. Pigzbe is also working to integrate WLO with a range of new educational technology products and online services over the next 5 years.

WLO’s listing on Bitfinex a key component of the prize for winning the International ICO Race in Lugano Switzerland. Voted for by a panel of world-renowned experts, the Pigzbe team saw off stiff competition from 140 candidates from 38 countries for the listing and $600,000. The listing follows the completion of Pigzbe’s successful ICO last month, which hit its hard cap of $8.85m.

The partnership marks the start of an ongoing relationship between the two companies, working together with a shared vision to create an educational platform for all members of the family on the world of finance and the digital economy.

Bitfinex CTO Paolo Ardoino added:

“As crypto and blockchain technology rapidly changes the future of finance, we are passionate about providing education to open this world up to everyone. Bitfinex has heritage in this space, heavily investing in open-source and building a community for developers. Now we are excited about taking this one step further by partnering with Pigzbe, sharing knowledge with millions of families around the globe and educating the user base of Bitfinex’s tomorrow.”

Pigzbe founder and CEO, Forbes 30 Under 30 entrepreneur Filippo Yacob said:

‘With Wollo our aim has always been to drive mass adoption, so partnering with Bitfinex, the world’s leading crypto exchange, is a huge coup for us and will bring the kind of liquidity Wollo needs.

‘The Wollo listing is just the first step. With Bitfinex’s help and support with a range of new projects and products, we’re excited by the prospect of having millions of children growing up with Wollo as the first cryptocurrency they encounter in their lives, even before Bitcoin.’

The news follows Pigzbe’s announcement earlier this month that it will partner with crypto card provider Wirex – which already services 1.8 million users worldwide – allowing Pigzbe users to spend their Wollo anywhere that VISA is accepted with the Wirex payment card.

The partnership marks another important milestone for the Stellar blockchain – which has partnered with IBM to lead the trillion dollars cross-border payments market – which continues to drive mainstream blockchain adoption.

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