Cryptocurrency wallet company El Dorado has completed a $3 million seed round financing, led by Multicoin Capital and Coinbase Ventures

ChainCatcher news, according to LatamList, Colombian crypto wallet company El Dorado announced the completion of a $3 million seed round financing, led by Multicoin Capital and Coinbase Ventures. Before completing this round of financing, El Dorado also joined the Skydeck accelerator program at the University of California, Berkeley.

It is reported that El Dorado operates a peer-to-peer cryptocurrency wallet that allows users to make cross-border payments and earn additional income through stablecoin trading. The new funds will be used to expand the user base and improve security features to meet compliance requirements.