Dubai, UAE, [April 22nd, 2025] — KOLO, an innovator in the web3 landscape, has debuted its state-of-the-art digital wallet paired with an internationally recognized debit card. This initiative empowers users to effortlessly spend their digital assets at millions of locations that accept Mastercard and Visa.
The KOLO card is designed for security, convenience, and transparency. Although it’s not yet operational, the card is set to facilitate a smoother integration of cryptocurrency into everyday transactions. Users will benefit from a multi-faceted ecosystem that includes Telegram integration, a user-friendly application, and a comprehensive web interface.
This offering will feature both custodial and non-custodial wallet options, reflecting the rising PayFi trend which promises enhanced on-ramp and off-ramp capabilities. Additionally, AI-driven trading solutions will optimize exchange rates for users.
Envisioning the Future of Decentralization and PayFi
Pavel Luchkovskyi, CEO of KOLO, shared insights on why this platform was established:
“My journey into the crypto realm began with the aspiration to democratize digital assets. At KOLO, our mission is to erode the barriers between traditional finance and cryptocurrency, equipping users with a worldwide debit card that can engage with cryptocurrencies and fiat currencies like USD and EUR. Our goal is to simplify transactions, whether buying, selling, or earning in DeFi.”
KOLO champions a global outlook, aiming to eliminate geographical barriers. The CEO emphasized the commitment to making digital finance applicable in everyday life.
“The KOLO card is a bridge between innovation in finance and tangible daily use, facilitating crypto transactions just like conventional card payments,” Pavel added.
Aside from catering to individual users, KOLO also extends its services to B2B clients. Businesses can harness KOLO’s infrastructure for integrating crypto payments, payroll solutions, and corporate cards.
Highlighted Features of the KOLO Wallet and Card
- Crypto Payments Anywhere: Users can access KOLO via different platforms, including Telegram, Google Pay, and the web, enabling quick payments at countless retail and online stores.
- AI-Enhanced Cryptocurrency Exchange: Benefit from optimal rates on crypto exchanges powered by advanced AI technology.
- Fiat Integration: Easily transact with local currencies when buying or selling crypto.
- Hybrid Security Options: Users can opt for custodial or self-custodial wallet solutions, ensuring control over their digital investments.
- Instant Crypto Conversion: Quickly transition assets such as BTC, ETH, USDT, and more into local currencies.
- Robust Security Features: Utilizing 2FA and biometric verification via Telegram’s mini-app provides top-notch security.
- Expanding User Base: With over 9 million users, KOLO’s ecosystem is rapidly growing.
KOLO: Leading the Telegram Mini-App Movement
With the Telegram mini-app trend driving Ton’s Total Value Locked (TVL) to $776 million, KOLO stands as a pioneering player in this field. Previously, KOLO teamed up with CATS, a meme coin based on TON, to introduce a specially branded KOLO card.
This collaboration not only provided a unique user experience but also introduced an element of fun within the crypto landscape.
KOLO Wallet’s integrated airdrop initiative allows users to earn $CATS tokens through user engagement activities. Engaging in tasks such as sharing cat imagery or crafting avatars has rewarded many participants.
Moreover, KOLO’s partnership with the Telegram mini-app game Cats has opened avenues for co-branding opportunities within crypto communities.
Embrace the Crypto Evolution with KOLO
KOLO’s card and wallet are pivotal in accelerating cryptocurrency adoption, simplifying the process of using digital currencies. The roadmap for future developments is already in the works, highlighting numerous releases and expansions on a global scale.
In the first quarter of 2025, KOLO aims to incorporate personal IBANs, SWIFT transfers, and an array of banking services. Expanding its footprint into Europe, Asia, and Africa through wallet and card services is set for Q2 2025. Furthermore, the complete versions of the Android and iOS applications will be available by Q4, alongside non-custodial wallet support.
Discover KOLO
Founded in 2022 under the auspices of Hardline Holdings Limited, KOLO boasts a team of over 100 professionals with extensive expertise in the fintech industry.
Offering a hybrid crypto wallet, KOLO provides asset storage, decentralized finance (DeFi) management, and card services tailored for individuals and businesses alike. The platform is poised for global expansion, targeting Australia, Africa, Europe, and Asia. KOLO also delivers exchange and custody solutions, alongside swift cryptocurrency processing for enterprises.
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