Innovative Solutions Reshape Crypto Platform Landscape

In a significant development for the Web3 ecosystem, KOLO has officially launched its next-generation digital wallet featuring a global debit card. This innovative solution enables users to spend their digital assets at millions of merchants worldwide that accept Mastercard and Visa.

The KOLO card offers security, convenience, and transparency. While not yet active, it aims to streamline crypto integration into daily life. The card will support a cross-platform ecosystem, including Telegram, a dedicated app, and a web interface.

It will also combine custodial and non-custodial wallet options. This approach aligns with the growing PayFi trend, offering on-ramp and off-ramp capabilities. Additionally, it will provide AI-powered trading routes for optimal exchange rates.

Vision for the Future of Decentralization and PayFi Trend

Pavel Luchkovskyi, CEO of KOLO, explained the rationale behind creating the platform:

"I entered the crypto space with the dream of putting digital assets in every pocket. At KOLO, we're here to remove barriers between the banking world and digital assets, providing a global debit card that can be funded with crypto or local currency like USD or EUR—a simple way to buy, sell crypto and earn yield in DeFi."

KOLO is breaking down geographical restrictions and expanding globally. According to the CEO, the goal is to ensure that digital finance has real-world applications.

"The KOLO card bridges the gap between digital finance and real-world usage, making spending crypto as simple as swiping a card," Pavel added.

Beyond consumer use, KOLO also provides its services to B2B clients worldwide. For businesses, they can integrate crypto payments, crypto payrolls, and corporate cards with the help of KOLO's financial infrastructure.

Key Features of KOLO Wallet and Card

• Pay with Crypto Anywhere: KOLO offers cross-platform availability, as users can pay with crypto via Telegram mini-app, Google Pay, and web. Pay instantly at millions of online stores and services.
• AI-Powered Crypto Exchange: Get the best rates on crypto exchanges with AI-driven optimization.
• Fiat On-Ramp and Off-Ramp: Easily buy and sell crypto using local currencies.
• Hybrid Wallet Security: Choose between custodial or non-custodial wallets for complete control of digital assets.
• Seamless Crypto Conversion: Convert BTC, ETH, USDT, TRX, ARB, LTC, DOGE, PEPE and more to fiat instantly.
• Maximum Security: 2FA and biometric authentication through Telegram's secure mini-app ensure top-tier protection.
• 9 Million Users and Growing: Over 9 million crypto users are already part of KOLO's ecosystem.

KOLO at the Forefront of Growing Telegram Mini-App Trend

With the Telegram mini-app trend pushing Ton TVL to a peak of $776 million, KOLO is at the forefront of this trend. Previously, KOLO partnered with CATS, a meme coin built on TON, The Open Network. The primary goal of this collaboration was to launch a KOLO card with a KOLO-themed skin.

Subsequently, it was also an opportunity for users to have a fun and rewarding crypto experience.

Through KOLO Wallet's integrated airdrop campaign, users can earn $CATS tokens for engagement. Many users earned rewards by sharing cat photos, creating avatars, and completing missions.

Moreover, KOLO's collaboration with the Telegram mini-app game Cats presents rare B2B co-branding opportunities for crypto communities.

KOLO's Roadmap for Future Expansion

KOLO's roadmap for the future is already outlined, with numerous launches and expansions worldwide:

| Timeline | Planned Developments | |----------|----------------------| | Q1 2025 | Integration of personal IBAN, SWIFT, and bank transfers | | Q2 2025 | Expansion of wallet and card services to Europe, Asia, and Africa | | Q4 2025 | Launch of full version Android and iOS apps | | Q4 2025 | Introduction of non-custodial wallet support |

About KOLO

KOLO was founded in 2022 under the ownership of Hardline Holdings Limited, a private limited company. The KOLO team consists of over 100 people with more than 10 years of experience in the fintech sector.

KOLO is a hybrid crypto wallet offering asset storage, DeFi management, and card services for personal users and businesses. It operates worldwide and plans to expand to Australia, Africa, Europe, and Asia. KOLO also offers an exchange, custody solution, and fast crypto processing for businesses.