Dubai, United Arab Emirates, April 17th, 2024, Chainwire

  • The Fintopio DeFi Wallet, which is currently in beta testing, allows users to send and receive digital assets via Telegram
  • Fintopio’s launch of its DeFi wallet is the first step of its mission to transform crypto payments through messaging apps and user-friendly interfaces.

Fintopio, a Web3 company that is creating a messaging app-based wallet for digital assets, has announced the beta release of the Fintopio DeFi Wallet. This launch is the first step in Fintopio’s mission of disrupting the crypto wallet market and making it simple for users to transact in crypto. The Fintopio DeFi wallet is now available as a Telegram bot and a web app, and the company plans to develop this wallet for iOS and Android.

Fintopio’s newly-launched DeFi Wallet enables users to transmit crypto assets to each other through Telegram, quickly swapping crypto assets, and making secure crypto deposits while retaining full control of their funds. It supports integration with several DeFi apps and wallets, all from the comfort of Telegram, which is estimated to have 900 million monthly active users. 

Leading Fintopio is Steve Milton, a multinational business leader who served as the Chief Marketing Officer of BNB Chain and Global Vice President of Marketing & Communications at Binance, who is supported by a 20-person team with extensive expertise in Web3, crypto, tech, and finance. 

Steve Milton, Co-Founder and CEO of Fintopio, said, “There are a lot of untapped opportunities related to integrating convenient payment options in messaging apps, especially given that these are some of the world’s most widely and frequently used services. At Fintopio, we want to unlock this huge potential with solutions that allow people to send money just like sending a message or an emoji.” 

Fintopio is changing the digital asset payments space

The Fintopio DeFi Wallet is designed as a messaging and financial app that is directly integrated with Telegram. The wallet can be used to perform crypto transactions straight from Telegram, as well as on web and mobile platforms. What sets Fintopio apart from other wallets is its feature that allows users to send crypto payments through Telegram usernames. 

Steve Milton gives this rationale behind Fintopio’s integration with Telegram: “Telegram has a great combination of market size and growth trajectory. Even at its current reach, it’s still one of the most downloaded apps worldwide. And it has a young, tech-adept demographic, with 30.6% of its users being in the 25-34 age bracket, making it an ideal foundation upon which we can grow Fintopio especially in a crowded crypto payments space,” 

Fintopio represents a refreshing take on digital wallets due to its user-friendliness and the effectiveness of its user interface design. 

The future of crypto payments

Fintopio is set to make an impact in an already dynamic online payment space, recognizing the emerging demand for unique innovations in the field, and the opportunities that these innovations could bring to the market. Various forecasters predict that the total number of cashless transactions in the world will be 1.9 billion by 2025 and either double or triple that figure around 2032. Fintopio believes that the next big stage for the fintech and crypto community is in messaging apps.

Sending digital assets will be as simple as sending a message using Fintopio. Recipients can transact with their holdings using an existing wallet, send them to their trusted financial institutions, or build a disposable and non-custodial wallet in seconds, all within the Telegram app. 

“Ultimately, what we’re doing with the beta launch of the Fintopio DeFi Wallet is an opening act that demonstrates what’s possible with messaging-based, convenient crypto payments, as well as what we can build further. Once the Fintopio infrastructure for simple payments through chat apps is built, and it shows significant traction, this innovation will be easier to replicate as a viable payment solution for other major messaging and social media apps. At that point, it's not that big a leap to take,” Steve Milton concluded.

The beta version of the Fintopio DeFi Wallet is now available via Telegram bot and web app. As part of this DeFi Wallet beta launch, Fintopio has introduced a beta testing program where the Fintopio online community is encouraged to report bugs and recommend enhancements in exchange for potential rewards. Those who wish to join the Fintopio Beta program can send their suggestions using this bug bounty form.

About Fintopio

Fintopio is a software development company at the forefront of digital asset distribution innovation. With its wallet solution, Fintopio simplifies the process of sending and receiving digital assets. The company's groundbreaking approach is poised to democratize access to digital assets globally, reshaping the landscape of digital transactions.

Fintopio completed a $10 million seed funding round led by a group of private investors from the tech industry, fueling the company’s mission to provide people and businesses with easy, secure, and fast ways to pay. The company was also awarded a CSAP license in Poland.

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