Cold Wallet has completed the acquisition of Plus Wallet for $270 million, emphasizing the importance of infrastructure in the crypto industry.
Focused on System Integration
The acquisition of Plus Wallet was not solely aimed at attracting new users. Cold Wallet gained access to a tested user interface and experience framework tailored for practical cryptocurrency use.
Creating a Scalable Rewards System
Cold Wallet aims to reward every transaction, whether it be gas refunds, rebates on swaps, or bonuses for deposits and withdrawals. Plus Wallet's system for tracking user actions will be expanded with smart contracts to automate payouts.
Aiming for a Seamless Crypto Experience
Cold Wallet is developing a range of innovative solutions that enable users to quickly onboard, execute swaps, and earn referral bonuses. This is crucial as the project transitions to a Layer 2 system or app-specific rollup setup.
Cold Wallet views the acquisition of Plus Wallet as a strategic move to build a reliable system and an effective service offering in the cryptocurrency market.
