Aave begins development of a mobile wallet

Stani Kulechov, the founder of the lending DeFi project Aave, announced that his team is developing a mobile wallet.

First announcement of the year, Aave is building a mobile wallet 👻

— stani.eth (👻,🐻‍❄️,🦎.🦎) (@StaniKulechov) January 1, 2022

“First statement of the year: Aave is creating a mobile wallet.”

A commenter going by the handle 0xLuke suggested that integrating the new mobile wallet with smartphones, in the manner of Apple Pay and Google Pay, would drive a parabolic rise in the project’s performance metrics.

Aave has electronic money license already to kickoff https://t.co/FQ3Nppj8VU

— stani.eth (👻,🐻‍❄️,🦎.🦎) (@StaniKulechov) January 1, 2022

In response, Kulechov reminded that Aave has a license to operate as an electronic money institution in the United Kingdom.

Aave leads lending projects by TVL (about $14.39 billion). In addition to Ethereum, the platform supports networks Avalanche and Polygon.

Earlier in July, Aave announced the launch of an Ethereum-based Twitter alternative.

Follow ForkLog on Twitter!