“ The company said Mobilum Pay project financing has reached a total amount of 75,000 euros. These funds support the development of Mobilum's branded wallet, Mobilum Pay.
Under the terms of the project financing agreement, the Mobilum Pay wallet will serve to increase credit card usage in Poland.
The current version of the Mobilum Pay wallet is being designed to combine Mobilum's fiat-to-crypto on-ramp solution along with a debit card offering from one of the globe's largest credit card networks.
Future versions of Mobilum Pay will provide payment accounts in multiple currencies, debit card issuing capabilities as well as money transferring via the network's money-sending channel and more.
The company noted that development of the Mobilum Pay mobile wallet continues to progress, and its official launch remains on track for Q4 of this year.
Its goal is to allow consumers around the world to convert fiat-to-crypto and crypto-to-fiat with Mobilum's on-ramp and off-ramp solutions. Mobilum has offices in Canada, Estonia, Lithuania, Poland, and the United States.
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