CommPRO Editorial Staff
Decentralized wallet and suite of crypto services Monarch has just added support for two of the top 20 cryptocurrencies in the world, Litecoin and Stellar, to both its Android and iOS apps. With a combined market cap of more than $7.5 billion, Litecoin and Stellar bring significant value to the Monarch ecosystem.
Monarch is known for bringing together the best blockchain services under one app with functionality across iOS, Android, Windows Desktop, and Mac OS, providing a one-stop-shop for more than 270,000 users. Through this latest integration, Monarch Wallet users can now store, send, receive, and qualified users can even earn interest on their Litecoin and Stellar holdings.
“Litecoin and Stellar are two of the most popular and well-respected cryptocurrencies in the industry, so it was important for us to prioritize support for them to the Monarch Wallet,” said Robert Beadles, President of Monarch. “We’re pleased to welcome the extensive Litecoin and Stellar communities to the Monarch ecosystem, and look forward to adding support for more cryptocurrencies as we continue our strategic growth.”
Monarch users can manage their assets in Monarch’s easy-to-use wallet with a single login and KYC process, where KYC services are required. Monarch also allows qualified and approved users the ability to buy cryptocurrencies with bank or credit card, and earn up to 8.1% APR interest on their cryptocurrency holdings through its Celsius Network integration. All users can also switch between hot and cold wallets, access an ERC20 decentralized exchange, and track their portfolios all while maintaining their own private keys and seed.
Monarch recently concluded its Token Generation Event, raising more than $2 million to help fund further development of the Monarch Wallet, MonarchPay, and a suite of other blockchain services. Monarch’s extensive network of partners includes a recent agreement with Ambisafe to release an Alternative Trading System (ATS) that will allow for investment in tokenized entities (Pending FINRA & SEC Approval). Headlining the offerings in the Monarch/Ambisafe ATS will be a pre-IPO token for SpaceX.
Monarch is advised by Roger Ver, Bitcoin Foundation Founder and Bitcoin.com CEO; Eric Ly, Co-Founder of LinkedIn; David Zimbeck, lead developer at BitBay and creator of the first smart contracts; Damon Nam, Founder of CoinVest, and many of the most influential names in the blockchain industry. Monarch has acquired a broker-dealer license and is awaiting SEC and FINRA approval.