The Social Wallet is one of five finalists competing in Canada’s FinTech Cup
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The Social Wallet is one of five finalists competing in Canada’s FinTech Cup

THELOGICALINDIAN - Five FinTech startups will attempt for Canadas countdown FinTech Cup on June 15 in Calgary at the 2024 Payments Panorama Conference

The Canadian Payments Association and the Digital Finance Institute appear the bristles finalists, with one of them actuality bitcoin startup The Social Wallet. A adumbrative from anniversary Canadian fintech startup will accept bristles account to accomplish their angle to win $20,000 and Canada’s aboriginal FinTech Cup.

The Amusing Wallet is a new bitcoin wallet that will acquiesce users to send, receive, and abundance bitcoin. The capital affection of the wallet is identity. User accounts will be angry to amusing networks, for archetype users can login with Facebook, and baddest a acquaintance to accelerate money to application the wallet, removing the use of bitcoin addresses for example.

Kyle Kemper, co-founder & CEO of The Social Wallet, described the wallet’s capital benefit in a Medium column by saying,

More than acceptable this agency that The Social Wallet will advance off-chain affairs to acquiesce users to accelerate bitcoin to anniversary added instantly at no cost. They will again accept to accommodate the affairs after application on-chain affairs in batches in adjustment to get the funds on the blockchain. It’s not bright yet how those fees will be candy and by whom.

Kemper additionally went on to say that the wallet will accept an API to affix the wallet to third-party applications to accept users add agenda cards to their wallet, bushing it with their agenda assets like adherence cards.

The fintech competition will get underway on June 15th at 2:15pm at the Metropolitan Appointment Center, Calgary with the aboriginal ($20,000), additional ($3,000) and third ($2,000) abode winners appear at the appointment accession that evening.