WAWLLET introduces the first Multi-asset Digital Wallet to bridge the gap between Fiat and Cryptocurrencies 

WAWLLET set to become the first personal banking platform for individuals to manage their bitcoin, USD, cards and gold all in one place

WAWLLET announces launch of the world’s first regulatory-compliant multi-asset wallet and personal financial passport, connecting people, banks and financial services.

The platform includes a four-pocket online wallet to let users view and manage their fiat money, cryptocurrency accounts, credit/debit cards and gold together in one place. WAWLLET provides a single dashboard view of FIAT and digital assets, letting users transfer between them instantly, wherever their accounts or assets may be in the world.

WAWLLET bridges traditional and crypto finance to connect people, banks and financial services, removing friction, saving time and cutting costs. For example, why not use a cryptocurrency to pay your credit card bill, buy bitcoin from your bank or, if you want to invest in commodities, buy some gold?

WAWLLET has secured an investment from a listed venture capital firm, of US $35m in Wawllet’s WIN Tokens, to support development of the platform.

Mihail Lala, Founder, WAWLLET, commented:

“The link between fiat and cryptocurrencies is key to mass adoption of decentralized blockchain currencies and technologies. As cryptocurrencies become more prominent and personal online banking thrives, the world needs a secure multi-asset wallet. We know that more and more people want a simple, secure solution for managing the growing complexity of multiple asset and currency classes. We have architected just that solution.

“The support of a listed Venture Capital firm proves the demand for this offering, giving us the confidence that our model is solid and much-needed.”

WAWLLET will integrate Banks, Cryptocurrency Exchanges, Commodity Traders and Vaults from every targeted jurisdiction. It is fully based on cryptocurrency and blockchain rails for transferring assets from one customer to another, regardless of locale or local currency. By building a unified, regulatory-compliant on-boarding process that leverages advanced identity management mechanisms and cryptocurrency rails, WAWLLET will enable a cost-effective transaction, with minimum friction to users in any country, while delivering secured platform.

Mihail Lala added:

“Traditional financial models are competing with inherent challenges related to the delivery of their product and services. Their vast infrastructure is costly and not designed in the interests of real people, making it slow, expensive and frustrating to transfer and control your money or assets. Our multi-asset wallet, the first of its kind, is going to change that – putting the customer at the centre while improving security, delivering trust, cutting costs and increasing speed.

“WAWLLET will change the way that people think about and control their money, assets and personal digital identity. Not only will WAWLLET users instantly see their total real-time financial position, but they will be able to manage all of their assets seamlessly.”

WAWLLET will launch an ICO on 29 January 2018 for up to 89 million of its WIN Tokens at $3 USD per Token, including a reservation of $35m. 20% of the funds raised will go towards further software development of the WAWLLET platform; 20% will go towards business development; and a further 20% will be held in reserves. The remaining 40% will be split between administrative needs, marketing, IT, HR, and legal and compliance functions.