CoinFlip, a Fintech Powered by Crypto, Introduces Self-Custody Platform to “Restore Trust” Post FTX, SVB Collapse

CoinFlip, a Fintech company powered by cryptocurrency, announces today a new chapter of growth and product evolution with the launch of ‘Olliv,’ a safe, inclusive, self-custody-powered crypto platform delivering financial services in the digital economy accessible to everyone.

Olliv claims it is “breaking down the exclusivity barrier of cryptocurrency and 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 tokenized assets.”

The Olliv platform “provides a frictionless way for consumers to buy, sell, send, receive, and swap assets securely stored on a self-custodial wallet, removing the uncertainty of unknown third-party custodians.”

Leveraging CoinFlip’s existing network of crypto ATMs and award-winning customer service, Olliv serves “to bridge the gap between physical and digital investing, expanding accessibility to this emerging technology.”

Olliv recognizes “the future of crypto isn’t about who’s already in it, it’s about onboarding new users and propelling mass adoption.”

As noted in the update, education, simplicity, and ease of use “are at the core of Olliv’s ethos, as the platform 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 in a way that makes customers feel safe, supported, and in control.”

Ben Weiss, CEO and co-founder of CoinFlip, said:

“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. We’re 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 intuitive interface for secure transactions and state-of-the-art 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, which are amongst the lowest in the industry, while trusted payment integrations enable secure and seamless payments.”

Rory Herriman, Chief Technology, Digital, and Strategy Officer of CoinFlip, said:

“We envision a future where everyone can participate in the digital economy and utilize 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. 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.”

Olliv is “creating a unique 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.”

With a commitment to providing services that disrupt the traditional finance system, Olliv is poised to become a leader in the fintech space, providing essential services for all users, regardless of level of experience.

Amid challenging market conditions, CoinFlip claims it “remained a trusted resource for customers showcasing dedication to industry compliance and transparency.”

In doing so, the company further claims it “demonstrated impressive growth, nearly doubling its headcount and expanding its ATM presence to Puerto Rico, Canada, and Australia.”

The company’s 2022 revenue reportedly “exceeded $100 million and its team is projected to grow by 23% by the end of 2023.”

Starting today, Olliv is “offered in the United States and Puerto Rico, except for Alaska, Iowa, New York, Oregon, Nevada, Arkansas, Louisiana, and Vermont with intentions to expand in accordance with local regulation.”

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