Banking has always been quite troublesome for people that regularly travel between multiple countries and live a nomadic life. Despite attempts at globalization, international transfers are still slow and expensive.
Cryptocurrencies are arguably the best solution for this problem, but you still need fiat - despite their proliferation, crypto is still an oddity in the bigger world.
Quppy offers a universal solution for nomads: it combines cryptocurrencies with fiat IBAN accounts (the largest international standard for banking), SWIFT transfers and other tools that make sure you have top-quality banking services anywhere in the world.
Any financially active person knows how much of a hassle it can be to manage more than a few assets. The number of mobile applications required is a pretty good indicator of what modern online finance has become.
Let’s just count:
Your bank’s app
E-money apps (most people have 2 or 3)
Cryptocurrency wallets (again, most people have at least 2 or 3 wallet applications)
So we are looking at at least half a dozen apps without even counting trading applications.
Fortunately, Quppy helps you to sort this mess out. You have most major crypto assets and main fiat currencies in one application that allows fast and cheap exchange between these assets.
Hot wallets are now available in the Quppy Wallet app
How Quppy brings together centralized and decentralized solution for a unique financial experience of every user.
What is a hot crypto wallet
A hot or so-called custodial wallet is a crypto wallet where the private keys are controlled by a third party. It is comparable to how traditional banks control funds of their clients kept on their personal accounts.
The custodial wallet structure essentially follows the same rules. The same mechanism of funds and personal information control is applied to the custodial exchanges and exchange services...
USDT support opens up new opportunities for Quppy users
Quppy now supports USDT - the largest stablecoin on the market. It is not just a “nice addition”: USDT opens up new huge opportunities for Quppy users:
Hedging risks. USDT, being a stablecoin, is a great tool for protection against cryptocurrencies volatility.
Staking. USDT is extremely popular in DeFi. A lot of liquidity pools require using this coin.
New payment modes. A lot of merchants are open for crypto but don’t want to deal with the volatility. So they accept stablecoins like USDT.
We will continue to expand the capabilities available to our users. In fact, a major release is coming really soon, so stay tuned.
Hot wallets are now available in the Quppy Wallet app so our users have access to both custodial and non-custodial wallets and can fully exploit advantages of both approaches.
While non-custodial wallets are undoubtedly much better for long-term storage of crypto since they are more reliable, custodial wallets also have their advantages. They provide much faster access to services and instant transaction completion.
Now Quppy users can freely transfer their assets between custodial and non-custodial wallets in the app, so they get the best of both worlds: secure long-term storage and fast wallet for everyday use.