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The peer-to-peer payments company aims to grow Web3 beyond its existing crypto-native audience. Peer-to-peer payments firm Valora recently launched “Mobile Stack,” a decentralized, permissionless, and open protocol launch platform for Web3 DApps for mobile devices.
“Only 8 of the top 100 Web3 apps on DApp Radar have a mobile-native experience,” Valora noted in a press release to Cointelegraph. The company hopes to change this by offering developers in the Web3 community a simple and intuitive platform to deploy user-friendly, mobile-first DApps.
“UX is often an afterthought in web3, and mobile experiences are rare despite being the primary devices used by seven billion people worldwide to nteract and transact online.”
Other fintech and crypto-related apps, such as Robinhood Crypto and Coinbase‘s apps, have seen success among mobile users. However, DeFi and Web3 communities generally operate in the desktop/laptop space. This may be due to the difference in perceived difficulty between developing for PC/Linux and creating mobile-first applications.
Valora described the current state of the DApp user experience as “cumbersome” due to the need for users to combine wallet applications with browsers or desktop applications to interact with Web3 applications.
According to information provided by Valora, Mobile Stack serves as a blank canvas for developers with the protocols and features required for Web3 functionality. Developers take the placeholder app and customize it to the needs of their particular DApp, using only the necessary protocols.
According to the press release, the first apps to launch on the Mobile Stack include “Troopo,” a savings and earnings app from Stake Capital, and “ChatGPT Data DAO” from Vana, a user-operated DApp aimed at helping users monetize their data.
The company also highlighted several potential use cases for its Mobile Stack platform, including cross-border peer-to-peer payments, simplified onboarding applications for DeFi services, pursuing universal basic income programs in emerging markets, and enabling “learn-earn” campaigns with partners such as cryptocurrency exchanges.
Valora was founded in 2020 as a decentralized wallet running on the Celo network. As Cointelegraph reported in 2021, the company closed a $20 million funding round led by a16z and became a standalone business from Celo.
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