Published Jun 9, 2022
By Qredo Team
Qredo Monthly Update: May 2022
Welcome to our monthly roundup of all things Qredo!
In response to community requests and to provide more regular information about how the Qredo project is evolving, here is our monthly recap of Qredo Network activity and highlights.
QREDO MAKES A SPLASH AT PERMISSIONLESS 🌴
Permissionless was the team's first major event since Covid and was a huge success for Qredo.
We were blown away by the level of traffic to the booth and the recognition that Qredo has won over recent months.
Qredo’s unique decentralized custody and successful integration with MetaMask Institutional has really captured the interest of new customers and partners.
Read CEO Anthony Foy’s Permissionless Highlights:
“After Permissionless, I am more confident than ever about the ability of this still emerging industry to weather the chill of any Crypto Winter. Indeed, for projects like Qredo that have healthy war chests and long-term vision, it is an opportunity to grow and thrive." - Anthony Foy, CEO Qredo
Going to one of the events below? Come and say hello! 👋
Money 20/20 Europe - Amsterdam, June 7-9th
Consensus 2022 - Austin, Texas, June 9-12th
Blockchain Summit LatAm 2022 - Panama, July 7-9th
NETWORK 🌐
Qredo stats 📊
📈 Qredo Network transactions: + 192% MoM
🦊 Metamask Institutional transactions: +10% MoM
Weekly Qredo staking rewards!
Stake your QRDO in a Qredo Wallet and you’ll earn 10.1% APY, compounded weekly! 💥 Available to both new and existing Qredo crypto wallet holders.
PRODUCT 👩💻
New Travel Rule Working Group
We were delighted to announce the launch of Qredo’s new Travel Rule working Group.
The FATF Travel Rule is going to be a big deal for digital asset service providers such as exchanges and crypto trading desks because it compels them to provide identifying information for those involved in crypto transactions.
Qredo is out of the blocks with its own unique solution, Qredo Compliance™, which binds metadata to each transaction making Travel Rule compliance much easier and more efficient.
Seven of the biggest names in blockchain analytics are part of the working group and are opening their APIs to the new solution 💪
Key players join Qredo's Travel Rule Working Group
Ben Whitby talks to Coindesk about Qredo's Travel Rule Solution
QRDO Staking Opt-Out
Some of you have requested the ability to opt-out of the Qredo staking program for tax reasons — (for example, in Germany, staking rewards constitutes a tax event).
If you want to opt out of the staking program but still keep QRDO in your Qredo Wallet, here are the five simple steps to do it.
ℹ️ How to opt out of Qredo staking
Archive unused crypto wallets
This new functionality gives you extra functionality over how to manage your Qredo account.
When you archive a wallet, you won’t lose any deposits made into it, and you can easily unarchive the wallet at any time, at your convenience.
There are two reasons why you may want to archive a crypto wallet:
You don’t want to see unused wallets on your Qredo dashboard
Any archived wallet containing QRDO will pay no fees!
HERE COMES THE METAVERSE 🧑🚀
We were delighted to announce that Qredo has integrated with Caduceus to provide metaverse-ready crypto wallet infrastructure.
Caduceus will use Qredo for treasury management; including storing funds from investors, making instant crosschain swaps, and managing assets on their own EVM-compatible blockchain.
LATIN AMERICA 🌎
Qredo approved as official Bitcoin Service Provider in El Salvador
In early May, the Banco Central de Reserva de El Salvador (BCR) approved Qredo as a registered bitcoin services provider.
Qredo has already been very active in El Salvador, and sponsored the first ever Bitcoin Bankathon in November 2021.
This new approval means Qredo has become the only decentralized custody provider operating in El Salvador, opening the door to future involvement in this country’s exciting bitcoin journey.
Read more
Building our Latin American team
Supporting the momentum in El Salvador, we were thrilled to announce in May that Luis Novella had joined Qredo as the Regional Director for Latin America.
Luis is one of a number of key Qredo hires in Latin America, a region we believe has the potential to be a global crypto hub.
Why I joined Qredo - by Luis Novella
Going to the Blockchain Summit LatAm 2022 in Panama (July 7-9th)? Luis will be attending and speaking on one of the panels. Don't forget to say hi 👋
CRYPTO REGULATION PANEL ⚖️
In May, we held the first in a new series of Qredo Panels.
Embracing Regulation: How the UK and US are warming up to crypto was an insightful discussion around the biggest developments in crypto regulation across the two nations.
It’s a must-watch for anyone interested in the governmental factors that will influence crypto evolution. Panelists were Katie Fry-Paul from law firm Taylor Wessing, Ari Redbord from compliance analytics firm TRM Labs, and Qredo’s very own Ben Whitby.
5 Key takeaways from the panel
📺 Watch panel recording:
COMMUNITY 🥰
AMAs are an important part of our program of engaging with, and building community, Here’s a recap of our May activity:
📺 Qredo X Professor Jo YouTube AMA - May 12th
🎙️ The Qreed Season 2 Twitter Spaces - May 12th
More events coming soon! Watch our feeds (Twitter | Telegram) for details
💡 Our community is very important to us and we’re always listening to your feedback and ideas. Anything you’d like to see from us?
JOIN THE REVOLUTION 💼
We’re growing fast and recruiting for a wide range of different roles.
Qredo is a remote-first team that prizes skill, creativity and collaboration. Maybe there's a role for you, or someone you know...
QREDO IN YOUR EAR 🎧
Qredo’s growing library of panels, interviews and other great content is now available through our new podcast channels. Choose your watering hole:
FROM THE BLOG 🗞️
QREDO IN THE NEWS 📰
We hope you enjoyed this overview — we'll be back next month with another 📅
Meanwhile, stay in contact with us on Twitter and Telegram!
Onwards!
Team Qredo
📈 Open a Qredo Wallet and enjoy 10.1% APY staking (compounded weekly)