Colombian Cryptocurrency Company El Dorado Secures $3 Million in Seed Funding, Led by Multicoin Capital

Colombian cryptocurrency wallet company El Dorado has announced the completion of a $3 million seed round of financing, with leading investments from Multicoin Capital and Coinbase Ventures. It is reported that prior to this round of financing, El Dorado also joined the Skydeck accelerator program at the University of California, Berkeley. 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.