Complete Crypto Wallet Accelerates DeFi Experience

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The sad reality is that most decentralized finance (DeFi) wallets and protocols are complicated to use, especially for newbies. Although feature rich, these products are often designed by technologists and not for the everyday user who needs more tips to get started.

With consumers accustomed to the simple interface of apps like Tinder, the “slide left, slide right mentality” has since transcended all other consumer products, including finance. The upshot is that as cryptocurrency and DeFi assets grow, so does the breadth of their functionality, and hence their complexity, as the functionality is spread across multiple channels and applications. Users may have to navigate multiple interfaces, in addition to a combination of hardware and software wallets, just to keep track of the wallets.

Ambire, formerly known as the AdEx Network, stands up to the challenges.

The team behind Ambire has launched an innovative non-custodial smart wallet to solve UX issues and offer quick and easy integration for new and experienced crypto users. The experience is simplified with an email, password registration setup, and the ability to purchase digital assets through three different scaling-up methods, including wire transfer and credit card.

Improve user experience

To make the DeFi world more accessible, the Ambire Wallet meets every user where they are by providing an ID that eliminates the need for a user to record their seed phrase. The platform takes advantage of smart recovery to help users regain access to their account in the event of loss. That said, wallets aren’t custodians, giving users full control over their private keys and wealth. Alternatively, a hardware wallet or other software can be added as a signer for an additional layer of security at any time.

While straightforward, the Ambire wallet also provides features for the more sophisticated user, including built-in batch processing so that users can save on gasoline costs. Therefore, performing bulk trades and withdrawals eliminates some of the manual approvals typically required. In addition, traders can choose to pay for gas in a stable room of their choice. Today, the Ambire Wallet is available on Avalanche (AVAX), Polygon (MATIC), Binance Smart Chain (BSC), and Ethereum (ETH), with two layers in the works.

More information about Ambire here

Ambire has received total funding of $ 3 million from private tours including Launchub Ventures, Ascensive Assets, Metacartel Ventures and Zee Prime. Regarding their advice, Ambire recently onboarded Danish Chaudhry, former CEO of Bitcoin.com, as one of their angel investors.

Paving the way for what lies ahead

Reflecting on the team’s progress, Ambire CEO Ivo Georgiev shares,

“This endorsement from Ambire Wallet is incredibly gratifying for our talented development team who have worked tirelessly on a portfolio that provides DeFi exposure to the masses. This funding will help us govern and market our feature rich portfolio, which we are. firmly believe that the crypto market is calling. The capital will also be used to expand the team, encourage integrations and provide liquidity for our native token on decentralized exchanges. “

The first users of the platform are already participating in an ongoing airdrop and are receiving rewards in the soon to be released WALLET token. With the year 2022 bringing a mobile app and credit card version, the community can expect a liquidity seed pool (LBP) for the WALLET token to occur on Copper as well.

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