Colombian crypto wallet company El Dorado completes $3 million seed round of financing, led by Multicoin Capital and others

El Dorado, a Colombian cryptocurrency wallet company, announced the completion of a $3 million seed round of financing, led by Multicoin Capital and Coinbase Ventures. 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 transactions. The new funds will be used to expand the user base and improve security features to meet compliance requirements.