Former Vice President of Development at Revolut, Hannes Graah, along with ex-employees from Coinbase and Spotify, supported by #Galaxy Digital, are entering the competitive arena of digital wallets with their own solution. Their goal is to help users securely manage their cryptocurrency assets while also facilitating interaction with decentralized applications.
Zeal, currently operating on an invitation-only basis, plans to officially launch in the first quarter of next year, according to company representatives.
"The status quo is not good enough. Bulky wallets designed for technocrats or casinos are difficult to use and can easily lead to financial losses. Users need a safe and user-friendly alternative for interacting with blockchain networks and the real world"explained Graah.
Among Zeal's investors are Galaxy, Framework, #Variant Fund, and #Northzone. According to Will Nuelle, General Partner at Galaxy, "Zeal's ability to combine user-friendly design, reliable security measures, and comprehensive asset transparency sets a new standard for wallets." The Zeal team aims to address current user challenges through enhanced verification processes and transaction previews.
In addition to #Revolut alumni, the Zeal team also includes former employees from #Coinbase and #Spotify.
Zeal is entering the competitive race to become the preferred digital wallet for both cryptocurrency enthusiasts looking to safeguard their digital assets and newcomers interested in secure cryptocurrency purchases and the use of web3 applications.
In this crowded market, companies of all sizes are investing in digital wallets, hoping to stand out. For example, the world's largest cryptocurrency exchange, #Binance, recently introduced its own self-custody wallet.
With its focus on security, user-friendliness, and seamless integration with decentralized applications, Zeal aims to carve out its place in the digital wallet landscape. As the launch date approaches, it will be interesting to see how Zeal differentiates itself and captures the attention of users in this rapidly evolving industry.
Zeal, backed by industry veterans and investors, is poised to disrupt the digital wallet market with its user-friendly design, robust security measures, and commitment to asset transparency. As the competition intensifies, Zeal's success will depend on its ability to meet user needs and provide a seamless experience for both experienced cryptocurrency users and newcomers alike.
