EXCITING NEWS TO SHARE: FSA APPROVAL & PROGRESS ON THE APP
A MESSAGE FROM OUR CEO, CHRIS LONGDEN
Well, what a unique year 2021 has been. Since officially launching Collateral in January, it has become increasingly clear to me that despite the pressures lots of industries face in the wake of Covid-19, the cryptocurrency industry remains an attractive proposition to many, irrespective of the dip we have seen. I am confident that this market now has a new found resilience, as we begin to see positive signs once more.
At Collateral, we have reason to be optimistic about the future. We have said this before, but I think it’s an important point, and it is this — We are a small team working hard to deliver something that we believe will make a difference to you, our community. You are the reason we have developed our products in the way that we have, and we have seen from your responses so far, that there is a huge swell of support for Collateral. Thank you for that. It truly does mean everything.
The last few months have been a very busy and productive period for us here. We were really pleased to confirm that we can get a debit card solution in place, and I now feel like we have a team that has the experience to make our go-to-market solution happen much faster, with the likes of Suresh Vaghjiani on board. The pieces of the puzzle are starting to fit together, and that brings me onto sharing some exciting news.
The first update is that we have now received approval to trade convertible virtual currency by the Financial Services Authority. This is a major step forwards for us, and means that we are a matter of weeks away from being able to actually make this happen.
The next step will be to get final approval on our debit card licence, which we are full steam ahead with.
The Collateral Wallet
Secondly, the Collateral Wallet has now been approved in the Apple and Google Play stores.
We are making great progress on our wallet and are ready for our first release to be publicly shared very soon. The wallet isn’t a payment solution yet, but it will allow you to hold, send and receive cryptocurrency, alongside your COLL and COLLG.
We are also undergoing a brand refresh, and will be launching new marketing materials and a new website this week. The new look is part of a wider brand strategy to increase awareness of Collateral amongst our target audience. Stay tuned for updates on this very soon.
COLLATERAL is the next generation payment gateway built on Polygon and accessed through an interoperable crypto wallet, granting access to spending power by using crypto as collateral at the point of sale. The platform allows users to pay instantly by using crypto as collateral, giving its global user base access to funds and the ability to pay and spend crypto instantly anytime, anyplace, anywhere.
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