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This Travel App Uses Crypto Currency and Raised $50 Million

This Travel App Uses Crypto Currency and Raised $50 Million
Maps.me can be downloaded for free on IOS and Android, Photo Credit: Shutterstock.com

Maps.me, a Europe-based offline travel app is set to introduce multi-currency wallet features in its new update

OT Staff
January 24 , 2021
01 Min Read

New funds are being allocated for the launch of a multi-currency wallet on Maps.me that will allow for a decentralised finance (DeFi) ecosystem on the app. DeFi aims to grow the platform into an 'everyday app'.

Developed in Belarus and Switzerland, the earlier ‘MapsWithMe’ phone application was transformed into ‘Maps.Me’ after 2014 when the Mail.Ru group acquired it. The app is tailor-made for IOS and Android with its distinct offline feature.

The Coindesk survey suggests that over 58% of Maps.me users come from the European continent and more than 70% are between the age group of 18 and 40. 

From providing GPS support to making the offline search easier during travel, the app has an easy to understand interface and accurate satellite information for its travel enthusiasts across the world.

With 140 million users worldwide, the offline mapping app, Maps.me strives to create a decentralised finance ecosystem inside the navigation app.

In a funding round led by Alameda Study and joined by new investors, cryptocurrency lender Genesis Capital and crypto company CMS Holdings, Offline travel app Maps.me raised $50 million.


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