Posted 10/12/2023, 1:01:57 PM
Crypto wallet startup Account Labs raises $7.7M amid FTX fallout, aims to take on PayPal with new self-custody wallet
- Crypto wallet startup Account Labs raises $7.7M as FTX collapse prompts demand for self-custody wallets
- Account Labs formed from merger of hardware wallet Keystone and account abstraction wallet UniPass
- New funding to launch UniPass consumer wallet, targeting Philippines freelancers first
- UniPass uses Polygon network for fast, cheap cross-border payments vs high fees of PayPal
- Account Labs aims to challenge web2 payments giants like PayPal, Wise and Stripe