Mara Launches Wallet to Accelerate Crypto Adoption in Africa


Mara has announced the pre-launch of the Mara Wallet. This wallet will serve as a gateway to the crypto-economy designed to assist people in starting their journey toward conveniently managing their crypto-finance needs. In addition, the Pan-African company seeks to help African crypto enthusiasts take a significant step toward financial freedom and learn more about cryptocurrencies and blockchain.

Due to the current centralised financial system, individuals and local economies in Africa continue to face ongoing challenges. Food costs have increased by a factor of two or three; as a result, setting records for interest rates. There is an urgent need for a decentralized alternative due to these systems.

Thanks to the quick and secure multi-currency Mara Wallet, Africans can now have control over their cryptocurrencies. In addition, Mara reveals a product roadmap that enables users to quickly buy, sell, send, withdraw, store, and protect a variety of fiat and crypto-assets (like cryptocurrencies and NFTs) in real-time and without any prior crypto expertise. Mara also offers both user-facing products and core infrastructure.

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“At Mara, we are committed to the financial empowerment of the individuals that use our products and services to meet their various crypto-finance needs, and take responsibility in building an informed community seriously,” said Chi Nnadi, Co-Founder and CEO of Mara while speaking on the development. 

“We are excited to pre-launch the Mara Wallet as one of our first steps toward achieving crypto education, financial literacy, and ensuring a more equitable distribution of capital. Our objective is to help people in Sub-Saharan Africa get started on the path toward leveraging a financial infrastructure on which they can base their lives and fully benefit from the opportunities for financial growth offered by the crypto-economy,” he added.

The Mara Wallet Waitlist

The main feature of the pre-launch app, the Mara Wallet waitlist, is intended for crypto-curious and crypto-enthusiast users who want early access to the exchange. Through it, users can access financial benefits that provide the ideal launchpad into the #cryptoeconomy.

Chi continued, “How the Mara Wallet waitlist functions are as follows: “Pre-registered users will join a queue to enable early access on a first-come, first-served basis. Moreover, a higher position on the waitlist increases the odds of periodically winning prizes. As soon as users join the waitlist, they instantly earn a signup reward. All users who refer the Mara Wallet to their friends, family and community also earn further rewards when those users sign up using their unique referral link. Pre-registered users who participate in the referral activity also improve their chances of moving to top positions on the waitlist.”

How to Download the Mara App

The Mara App can be downloaded on both the Google Play and Apple App stores. The Mara Wallet will allow users to send money to their loved ones in real-time without processing times, delays, or exorbitant fees once it is formally launched in a few months. Download the app from the Apple App Store or Google Play to get on the waitlist.

Related article: MARA Gets $23M From Coinbase, Alameda to Drive Crypto Adoption Across Africa

About Mara

Mara is creating Africa’s gateway to the crypto-economy through a Pan-African suite of products that addresses a range of crypto-finance needs, complies with local regulations, and is truly created for the African audience. Mara’s first product will be a streamlined, user-friendly wallet that makes it simple for users to buy, sell, send, and withdraw cryptocurrencies. Mara will first go live in Kenya and Nigeria. For seasoned users who prefer a full range of trading options and technical analysis tools, Mara will also introduce a pro exchange.

Mara’s executive team members are former executives from companies like Amazon, PayPal, Uber, NVIDIA, Founders Bank, Rappi, and others. From Coinbase Ventures, Alameda Research (FTX), Distributed Global, TQ Ventures, Day One Ventures, DIGITAL, Nexo, KuCoin Ventures, Huobi Ventures, and nearly 100 other cryptocurrency investors, the company raised a total of $23M. In addition, Chi Nnadi, Lucas Llinás Mnera, Dearg OBartuin, Kate Kallot, and Susan Younis are the Mara executive team members.