EtherMail Launches Email-as-a-Wallet Solution

Hi NoRamp Community,

Daily News:

1) EtherMail Launches Email-as-a-Wallet Solution

2) OKX Launches Crypto Exchange in Turkey

3) Southeast Asia Lays Groundwork to Become Vrypto & Blockchain Hub

4) Tabby Launches Subscription Service That Expands Acceptance of BNPL

5) Vencora Acquires Crealogix to Bolster Banking Tech Portfolio

EtherMail Launches Email-as-a-Wallet Solution:

• EtherMail, a platform bridging the gap between Web2 and Web3, has launched its Email-as-a-Wallet (EaaW) solution to provide an easy entry point for individuals to explore the Web3 space, addressing the complexity of engaging with Web3 services and setting up a crypto wallet for Web2 users.

• The EaaW solution enables users to access Web3 protocols using familiar email interfaces and Gmail or Apple logins, allowing for the creation of non-custodial wallets in less than one minute and facilitating the purchase of digital assets directly from the inbox, with features like 'know what you sign' for transaction review and '2 factor transactions' for secure asset transfers.

• EtherMail's growth includes surpassing 500,000 users and securing $4 million in funding led by Tim Draper, with the aim of breaking down adoption barriers and extending Web3 accessibility to billions of users, leveraging email as a mechanism to democratize access to decentralized applications and reshape interactions with digital assets and blockchain technology.

OKX Launches Crypto Exchange in Turkey:

• OKX has launched OKX TR, a crypto exchange tailored for users in Turkey, integrating OKX's global Web3 Wallet and offering localized features such as direct deposits and withdrawals in Turkish Lira.

• The exchange emphasizes user-friendly self-custody with its non-custodial Web3 wallet, incorporating advanced security features and providing access to major cryptocurrency pairs and decentralized applications.

• OKX's expansion into Turkey aligns with the country's evolving regulatory landscape for cryptocurrencies, as the government prepares to introduce its first package of crypto regulations, and OKX aims to capture local market share with tailored products and services.

Southeast Asia Lays Groundwork to Become Vrypto & Blockchain Hub:

• Southeast Asia is increasingly embracing crypto and blockchain technologies, with five countries in the region ranking among the top 10 globally for crypto adoption, according to Chainalysis' 2023 global crypto adoption index.

• Thailand and Singapore are leading the way in the region, with Thailand focusing on blockchain adoption across various industries and Singapore committing significant funding to support local fintech solutions from emerging Web3 technologies.

• Despite the region's openness to fintech innovations, more than 70% of adults in Southeast Asia still lack sufficient access to financial services, highlighting the potential of crypto to bridge these gaps and foster economic empowerment.

Tabby Launches Subscription Service That Expands BNPL:

• Tabby, a shopping and financial services app in Saudi Arabia, Kuwait, and the UAE, has launched Tabby+, a subscription service in the UAE. This service allows customers to pay in four installments using their Tabby Card anywhere Visa is accepted, promoting flexible, interest-free payments without hidden fees.

• Tabby+ has a monthly fee of 49 UAE dirham ($13), with the first month free and an option to opt out. Subscribers get benefits like priority chat support and 1% cash back on all Tabby Card purchases. The Tabby app enables easy payment management, with features for settling purchases and viewing transaction alerts.

• The launch of Tabby+ follows Tabby's $200 million Series D funding round, valuing the company at $1.5 billion and making it the region's first FinTech unicorn. Tabby partners with over 30,000 brands and serves 10 million users across Saudi Arabia, Kuwait, and the UAE, with more than 600,000 Tabby Cards issued in the UAE.

Vencora Acquires Crealogix to Bolster Banking Tech Portfolio:

• Vencora UK, a fintech subsidiary of Volaris Group, has acquired Switzerland-based Crealogix, a provider of digital banking and wealth management solutions. The acquisition was completed through a stock purchase, with Vencora acquiring 99.07% of Crealogix's shares for approximately $12.5 million. Crealogix will continue to operate independently under its current CEO, Oliver Weber.

• Crealogix, founded in 1996 and headquartered in Zürich, offers solutions supporting conversational AI, digital funding portals, and lending platforms for 600 financial institutions across 15 countries. This acquisition expands Vencora's company portfolio to 16 brands and strengthens its banking portfolio.

• Vencora, headquartered in Toronto, Canada, focuses on acquiring software companies in finance and insurance. Following the acquisition of Crealogix, Vencora plans to initiate a compulsory sale of the remaining minority shares and delist Crealogix from the SIX Swiss Stock Exchange, where it has been publicly traded for the last 24 years.

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