MeshWallet, a gasless USDT wallet serving users of the TRON network, has just announced the successful closing of its’ $10,000,000 private funding round. Led by a core group of private investors and small family offices, the funding will support a roadmap aimed at bringing MeshWallet to the forefront of the dedicated gasless wallet market and bring an ecosystem of benefits for users.
MeshWallet’s raise follows a busy few years in the cryptocurrency wallet and payments ecosystem – with popular wallets Metamask and Phantom receiving 9 figure investments in the past years, with market sentiment crying out for more secure systems to hold, receive, and spend crypto.
Users are now looking for solutions that are better and do more. And with TRON USDT being the largest network by far to send and receive USDT, MeshWallet is in a unique position. And as an early mover, hopes to bring its wallet solution to as many users as possible.
A landmark moment for Cryptocurrency
The news comes at a moment of particular importance in the cryptocurrency world, with president Trump’s recent push for the passing of the Clarity Act, which will see a regulated framework for cryptocurrencies and digital assets to be solidified as regulated commodities.
The Act is expected to bring stability to the sector in one of the world’s largest markets – the US – and has caused a significant surge in the interest in and price of Bitcoin. The “gold-standard” cryptocurrency hit highs of over $80,000 in late August, returning to levels not seen since May of this year.
With confidence bolstered and users returning to the space, it certainly seems like a great moment for the latest innovation in wallet technology to push to the forefront of the crypto sphere.
MeshWallet in focus
MeshWallet as an app has been designed with the user in mind – everything from the sleek and polished user interface, to the mechanism driving the value in the app through gasless transfer is aimed to make the process of making gasless USDT transfers on the TRON network as simple as possible.
MeshWallet focuses on minimalism and simplicity – In the app, users can see their balance easily, send TRC20 USDT, or receive it directly into their wallet, all in a few simple clicks.
The app is aimed at both retail and business users – from the casual holder who wants to make the occasional transfer, the dedicated crypto trader who makes payments and transfers to friends and family and for goods and services daily – The app suits all use cases where users need to make payments fast, efficiently, and without the worry of running out of gas tokens.
MeshWallet even serves businesses who are looking for a more simplistic way to receive, send, and account for cryptocurrency payments in a commercial setting – with one token’s value against their home currency to account for rather than two, administrative overheads are slashed, onboarding is massively sped up, and the simplicity of operation makes retail applications a breeze, rather than a nightmare.
In the interests of full security and privacy, MeshWallet is fully self custodial – the users’ private keys are held on their device rather than being stored on a server. Additionally, MeshWallet boasts an open-source codebase, two ongoing audits, and a growing, positive Trustpilot page, giving prospective users peace of mind before going gasless.
MeshWallet plans to introduce a slew of features in the near future, and with a strong raise behind the development and marketing of the product, the team is going full steam ahead.
Wrapping it up
With the news of the successful funding, the Clarity Act in the US creating a surge in the interest in Cryptocurrency, the upshot is that the funding and future development of the app can reach even more users looking to make payments without the cumbersome process of holding two tokens – one for payment, and one to send the payment.
With TRON remaining the highest network by volume for the transfer of USDT, it will be exciting to see where MeshWallet can propel the user experience of sending and receiving cryptocurrency.
MeshWallet is now available on the Play Store and on Apple Store. For more information please visit the MeshWallet website.
