On October 16, 2024, MELD, a crypto-native neobank, announced a strategic investment in Armor Wallet, an AI-powered web3 wallet.

This partnership will not only involve a financial investment but also a collaboration to integrate technology and enhance the financial tools offered by both companies.

The collaboration aims to democratize crypto investing by providing average users with advanced AI tools that were previously available only to professional traders.

Ken Olling, the founder of MELD, emphasized the vision of making professional-grade investment tools accessible to everyone, regardless of their financial background.

MELD has spent the last three years developing its platform to provide financial services typically reserved for wealthy individuals to the general public.

The ultimate goal of this initiative is to onboard the next billion users into crypto through user-friendly and intuitive financial tools.

As a global neobank, MELD offers a seamless wallet that supports over 30 fiat currencies and more than 2000 cryptocurrencies across 150+ countries.

In addition to its investment in Armor Wallet, MELD also supports a lending and borrowing protocol and is utilized by over 30 businesses, enhancing the financial ecosystem for users.

Armor Wallet features a chatGPT-style interface, allowing users to execute complex trades through AI and autonomous agents at any time.