Financial news

CoinFlip, a fintech company powered by cryptocurrency, has announced a new chapter of growth and product evolution with the launch of Olliv. This is a safe, inclusive, self-custody-powered crypto platform delivering financial services in the digital economy accessible to everyone.

Crypto has historically felt like a niche community. Olliv’s purpose is to break down the exclusivity barrier of cryptocurrency. This is in addition to offering a space that welcomes the next generation of investors to the digital economy while serving as an onramp for the future of blockchain utility and tokenised assets.

The Olliv platform allows consumers to buy, sell, send, receive, and swap assets securely stored on a self-custodial wallet. It removes the uncertainty of unknown third-party custodians. Leveraging CoinFlip’s existing network of crypto ATMs and customer service, Olliv serves to bridge the gap between physical and digital investing, expanding accessibility to this emerging technology.

The future of crypto isn’t about who’s already in it. It’s about onboarding new users and propelling mass adoption. Education, simplicity, and ease of use are absolutely necessary to ensure this. Olliv looks to offer guidance and insights that make it easier to achieve financial freedom. Packaged in user-friendly software, Olliv enables ‘Olliv Us’ to participate in the digital economy. It does so in a way that makes customers feel safe, supported, and in control.

The next stage of the financial revolution

“With the launch of Olliv, our goal is to demystify cryptocurrency and create an inviting community for everyone. We aim to welcome customers with open arms into this next step toward financial revolution, regardless of their financial knowledge or background,” said Ben Weiss, CEO and co-founder of CoinFlip.

“We”e always looking for ways to invest in our customers that will contribute to the future of DeFi. We are confident our self-custodial model, a key value of CoinFlip’s business since inception, will pave the path for a significant and much-needed shift in the industry. We look forward to continued growth and innovation in the coming year as we get one step closer to on-ramping the next generation of crypto investors.”

Amongst its suite of services, Olliv features an interface for secure transactions and encryption. Olliv also offers CoinFlip’s 24/7 live customer service and provides educational resources via user-friendly content. The platform’s commitment to transparency ensures users have visibility to all applicable fees.

“We envision a future where everyone can participate in the digital economy and utilise their holdings to make everyday purchases and gain access to previously hard-to-buy assets such as precious metals, real estate, and energy, without the need for frustrating third-party intermediaries,” said Rory Herriman, chief technology, digital, and strategy officer of CoinFlip.

“Our vision for Olliv is to innovate and break down barriers around safety, security, and sovereignty, to empower people to invest and give them individual ownership of their assets thanks to the accessibility cryptocurrency provides.”

A welcoming space

Olliv is creating a space for people to join the crypto ecosystem at a pivotal point where technology and use cases for digital currency are rapidly evolving. The company will continue to grow its offerings and add additional features to support a user throughout their financial lifecycle.

Amid challenging market conditions, CoinFlip remained a trusted resource for customers showcasing dedication to industry compliance and transparency. In doing so, the company demonstrated impressive growth, nearly doubling its headcount and expanding its ATM presence to Puerto Rico, Canada, and Australia.

The company’s 2022 revenue exceeded $100million. Additionally, its team is projected to grow by 23 per cent by the end of 2023. CoinFlip’s growth has been recognised by Crain’s Chicago Business. It was named the No. 1 fastest-growing company in Chicago for two consecutive years. Furtheremore, Inc. 5000 ranked it within the top 100 in 2021 and 2022.