Biweekly Dev Update: May 8th, 2024
Hey friends. This week, we’re mixing things up a bit and going high-level. We’ll be explaining the emphasis put on all our products (including KryptoGO Wallet Applications , KryptoGO Studio, and our Wallet SDK) going forward, particularly as they relate to servicing stablecoin-based real-world applications.
KryptoGO is building the financial infrastructure for the stablecoin economy.
KryptoGO operates as an impartial intermediary in facilitating transactions within the stablecoin economy, offering infrastructure for compliance, liquidity, and mass adoption, to both the demand and supply sides of the ecosystem.
This video does a good job explaining our vision and the exciting opportunities laid before us in the cryptocurrency landscape:
“Why stablecoins?” you might ask.
- The global stablecoin market is going mainstream. As of April 2024, the global stablecoin market cap reached $156 billion (source: CoinMarketCap).
- Increased adoption by financial institutions. More banks and financial services companies are beginning to recognize stablecoins as a legitimate instrument for payment and settlement. For example, major payment networks like Visa and MasterCard have started to integrate stablecoin transactions into their networks.
- Regulatory clarity is emerging in key markets. The market is expected to maintain rapid growth with more countries introducing stablecoin regulatory frameworks.
What role does KryptoGO play in the stablecoin economy?
KryptoGO operates as an impartial intermediary in facilitating transactions within the stablecoin economy, offering infrastructure for compliance, liquidity, and mass adoption, to both the demand and supply sides of the ecosystem.
The Everyday Consumer:
Unlock a world of possibilities with KryptoGO wallet applications, where you can effortlessly acquire, manage, and invest in stablecoins. Oversee your crypto portfolio, including tokens, NFTS, and DeFi positions, with the ease and familiarity of managing finances in a banking app. Acquire stablecoins through fiat purchases or over-the counter trading with off-exchange liquidity providers, and explore investment opportunities such as swapping, staking, and airdrops.
The Off-Exchange (Stablecoin) Liquidity Provider
KryptoGO provides services such as Compliance and AssetPro that streamline the process for individuals or small groups to become OTC providers. We enable them to open digital storefronts to buy and sell stablecoins through peer to peer transactions that fully complies with local regulations.
Small and Medium-Sized Businesses
Businesses can manage orders, stablecoin transactions, and customer data such as wallet addresses with KryptoGO Studio — a comprehensive solution that largely simpliflies the onboarding process to Web3.
Third-Party Payment Systems and Buyer-Seller Intermediaries
KryptoGO offers a streamlined solution for third-party payment services and POS systems to integrate stablecoin payments. Through our SDK and wallet-as-a-service platform, partners can offer crypto payments to their users with ease, tapping into new markets and revenue opportunities.
Why should you trust KryptoGO?
- A successful pilot was conducted with Taiwan’s second-largest telecommunications company, demonstrating its potential for replication in other countries’ telecom markets.
- Clients have used our white-label wallet service to create comprehensive stablecoin wallets and ecosystems in just a few weeks.
- Our infrastructure is an enterprise solution certified for both ISO 27001 and ISO 27701 standards.
- We have a comprehensive business network integrating exchanges, protocols, and liquidity providers.
