In a world where cryptocurrencies are becoming increasingly popular, innovative solutions are being developed to help make digital currencies more accessible to people around the world. From ATMs that allow people to convert fiat currency into cryptocurrencies, to self-custodial platforms like Olliv, there are many ways that people can enter the world of cryptocurrency without having to jump through hoops or deal with complex trading platforms.
One of the most popular ways for people to enter the cryptocurrency market is through the use of Crypto ATMs. These machines, which can be found in a growing number of locations around the world, allow people to take cash and exchange it for cryptocurrencies like Bitcoin, Ethereum, Litecoin, and more. With just a few swipes of a credit card or a few taps on a touchscreen, people can quickly get their hands on these digital assets, allowing them to participate in the crypto market in a more meaningful way.
Crypto ATMs are not just convenient for people who want to buy digital assets, however. They are also great for businesses that want to accept cryptocurrencies as payment for their goods and services. By installing a Crypto ATM in their store, these businesses can allow customers to pay for their purchases using cryptocurrencies, which can help them attract new customers and expand their customer base.
But Crypto ATMs are just the tip of the iceberg when it comes to the world of cryptocurrency. One of the most exciting developments in recent years has been the rise of self-custodial platforms like Olliv.
Self-custodial platforms are web-based platforms that allow people to store their cryptocurrencies securely and easily. Rather than having to rely on third-party custodians like exchanges or wallets, people can take control of their digital assets and store them on their own devices, like phones or computers.
Olliv is a self-custodial platform that is designed to make it easy for people to manage their digital assets without having to worry about security or complexity. The platform offers a range of features, including multi-sig security, social recovery, and more, ensuring that people’s digital assets are protected from theft or loss.
One of the key benefits of Olliv is its ease of use. Unlike other self-custodial platforms, which can be complex and difficult to manage, Olliv is designed to be intuitive and user-friendly, making it easy for people to get started with storing their digital assets on their own.
Another benefit of Olliv is its ability to connect people with a global community of like-minded individuals who share their passion for cryptocurrencies and decentralization. Through the platform’s social features, people can connect with others, learn about new projects and developments in the crypto space, and share their own knowledge and experiences with the community.
Overall, the rise of self-custodial platforms like Olliv is just one more example of how cryptocurrencies are revolutionizing the world of finance and payment processing. Whether people are using Crypto ATMs to buy digital assets or using self-custodial platforms to store and manage their cryptocurrencies, the future of finance is looking bright for those who are willing to embrace the power of decentralization and digital currencies.
FinanceFeeds recently had the opportunity to speak with CoinFlip’s Chief Technology, Digital, and Strategy Officer, Rory Herriman about their new self-custodial crypto platform, Olliv, and their goal to achieve mass adoption. The launch of Olliv at the Consensus 2023 conference aims to provide consumers with a frictionless way to buy, sell, send, receive and swap assets securely stored on a self-custodial wallet. CoinFlip is a leading crypto ATM network that operates in the United States, Puerto Rico, Canada, and Australia. Their new platform, Olliv, leverages CoinFlip’s existing network of crypto ATMs to promote acceptance and growth in the market.
Self-custody is at the heart of Olliv’s appeal. According to Herriman, it’s the model that the rest of the world needs to adopt to achieve success in the crypto space. He praised the European Union’s progressive MiCA regulatory framework, which could be a useful blueprint for the United States, noting that other countries seem to be more progressive in their approach to crypto regulation. Herriman added that “trust” is at an all-time low, but self-custody is crucial in building consumer confidence in the crypto space.
Olliv is designed for people who have never used crypto before, with a focus on simplicity, safety, and security. Herriman believes that the crypto industry is too tech-focused and complex, which can turn off ordinary consumers. CoinFlip aims to change that with Olliv. The recent Standard Chartered report’s bullish prediction of Bitcoin at $100,000 by the end of 2024 further boosts the launch of Olliv at this time.
Regarding CoinFlip’s main business, crypto ATMs, Herriman believes there is still room for growth, especially as the company looks to expand its operations globally. CoinFlip just entered Australia and is looking at expansion opportunities in Canada, LATAM, and mainland Europe. Cash on-ramps and off-ramps remain strong, and the need for cash on-ramps is an essential part of any economy. Despite the current economic challenges, CoinFlip’s revenue exceeded $100m in 2022, and the team is projected to grow by 23% by the end of 2023.
In conclusion, CoinFlip’s Olliv self-custodial crypto platform has massive potential to propel mass adoption in the crypto industry, with a focus on simplicity, safety, security, and a seamless service. Herriman’s comments highlight the growing need for an accessible, intuitive, and regulatory-compliant technology that puts customers first. Self-custodial wallets could be the key to overcoming trust challenges and promoting wider adoption in the crypto industry.
