Coin Cloud provides massive wallet update and adds support for ADA, NANO, SUSHI, ALGO, MATIC, OMG, APE
Coin Cloud announced an update to its crypto wallet, enabling seamless use of approximately 6,000 Bitcoin ATMs and Digital Currency Machines (DCMs) operating in the United States and Brazil.
Alongside the update of the Wallet itself, support for Cardano (ADA), Polygon (MATIC) and ApeCoin (APE) has been added to the existing range of 40 cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE) and Shiba Inu (SHIB).
Equally important is the fact that the Coin Cloud wallet is non-custodial. Commenting on the event, CEO and Founder Chris McAlary said the highest priority in developing the portfolio was to concentrate control of the funds in the hands of their direct owner. This is the only way to ensure the “not your keys, not your coin” principle, the contractor said.
Brazil is steadily adopting crypto
Everything is clear with the U.S.: crypto ATMs exist and have been actively used there for a long time, and the country itself is probably number one in the field of cryptocurrencies. What about Brazil? How is the crypto business there, and what is Coin Cloud’s perspective on the largest Latin American country?
Judging by the latest news, it’s more than good, especially as seen in the past week. First, Rio de Janeiro confirmed its intention to introduce cryptocurrencies and blockchain into the city’s infrastructure, even declaring its intention to become the country’s crypto ecosystem. Then Brazilian payment service PicPay, an analogue of PayPal and Cash App, launched cryptocurrency trading to its audience of 65 million. Now another major Brazilian financial institution, Itau Unibanco, is considering following suit.
