Mara launches wallet to ease crypto transactions
By Herald Aloo, July 1, 2022
Pan-African crypto company Mara, has announced the pre-launch of the Mara Wallet app, a portal aimed at helping people manage crypto-finance needs and learn about the blockchain sector.
The app offers both user-friendly products and core infrastructure, revealing a product roadmap that enables users to easily buy, sell, send, withdraw, store, and protect crypto-assets in real-time.
“We are committed to the financial empowerment of the individuals that use our products and services to meet their various crypto-finance needs, and take responsibility for building an informed community,” said Chi Nnadi, Mara Co-Founder and CEO.
The Mara crypto mission is expected to facilitate a more equitable distribution of capital by providing an alternative that spans tribes, classes, cultures, and countries.
Crypto-enthusiasts
It has so far attracted over 100 crypto investors who injected $23 million (Sh2.7 billion) in funding to form Mara platform. The app is available in Google Play and Apple Apple stores.
Mara Wallet waitlist, which is the core mechanic of the pre-launch app, is aimed at crypto-curious and crypto-enthusiast users alike who seek early access to the exchange.
Pre-registered users will join a queue to enable early access on a first-come, first-served basis. Moreover, a higher position on the waitlist increases the odds of periodically winning prizes.
Mara Wallet’s pre-launch comes at a critical time for Kenya when political and economic instability has led to the devaluation of local currencies that has disproportionately importation costs.
While cutting-edge technologies linked to digital currency have shown incredible promise, considerable hurdles have derailed penetration in Kenya and other African countries. Central Bank of Kenya had in February issued a discussion paper inviting public participation on the introduction of a central bank digital currency (CDBC), a digital version of the Kenyan shilling, as it seeks to keep pace with global financial innovations.