We at the Blockchain Founders Group are happy to announce the latest addition to our investment track record through investment in Yooba. Yooba provides a simple and secure process of buying, trading and storing crypto assets securely through its multi-currency cold wallet.
Why we invested in Yooba
In the last five years, the crypto market has seen exponential growth, with the total market capitalization in 2022 amounting to $1 trillion. The interest in buying and owning crypto assets is also growing significantly, with first-time crypto-asset buyers seeing an average annual growth rate of 32% in 2022 according to research by Coinbase.
However, some people are still hesitant in buying their first crypto assets. One of the challenges includes the lack of investment know-how and getting relevant information. Navigating through a crypto exchange - a common way for first-time crypto investors - proves to be challenging. Further, for most investors, storing their crypto assets on the exchange could expose them to several risks, including loss of their assets through a security breach.
Yooba’s mission to simplify crypto onboarding
Yooba solves this pressing issue by providing an easy solution to own and manage crypto assets securely. Users can purchase, store, and trade their crypto assets without having to go through the hassle of opening a crypto account on an exchange. The process only requires three steps from buying to securely storing and trading crypto-asset through Yooba’s mobile app.
Here is how Yooba simplifies the process of owning crypto assets and storing them securely:
- Users buy their desired type and amount of crypto assets from their retailer in the form of a crypto gift card.
- Activate the gift card within the Yooba App. The crypto assets will be transferred into the wallet within one hour.
- Once the crypto asset is loaded, it is safely secured within the cold wallet and ready to be traded directly from the app.
Take a look at how users can easily buy and store their crypto assets in Yooba’s cold wallet:
Yooba simplifies the process of buying and storing crypto assets securely
About Yooba
The team behind Yooba is passionate about the blockchain industry, regulations, and design. Lukas Weniger, co-founder and CEO, has experience in building blockchain-related services and an extensive network in the crypto and regulatory space. Vincent Schwarz, co-founder and creative director, is an experienced designer specialising in communication and visual design. Yooba is well-equipped to onboard more users into the crypto ecosystem. Learn more about Yooba on their Website and LinkedIn.
Contact: Lukas Weniger, Co-Founder & CEO, lukas@yooba.io
About Blockchain Founders Group
BFG Blockchain Founders Group is a company builder and early-stage venture capital investor. Our team comprises academic and regulatory drivers of the blockchain economy, serial entrepreneurs, and venture capitalists. We love to work with outstanding entrepreneurial talents and bring to bear the full support of our network to make them succeed. Follow us on LinkedIn, Medium, or Twitter.
Contact: Wolfgang Männel, Senior Partner, wm@blockchain-founders.io
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