Venga Appoints Crypto Expert Michael Stroev as CEO to Boost Web3 Adoption

Universal crypto app Venga has appointed Michael Stroev as the CEO. The former COO and Head of Product of Nebeus is now leading Venga, an organization that aims to speed up the adoption of web3 by bridging innovations from the decentralized space and conventional finance.

As a company, Venga is committed to helping customers find groundbreaking solutions in the DeFi and Web3 spaces, so they can enjoy all the advantages that come with them, all the while offering popular services that are currently available on the market. In the long run, it aims to encourage crypto adoption by making a variety of financial services more accessible to customers.

The need for a universal crypto app with a streamlined onboarding process and a straightforward user interface inspired the creation of Venga. A lot of the existing cryptocurrency applications are either only available in certain regions or have very complicated interfaces that new users can find confusing. Robust technologies and an easy-to-use interface are what set Venga apart. It integrates cutting-edge blockchain technology with conventional finance inside the mobile app in a way that anybody can understand and utilize.

Using a transparent, compliance-first approach, educating users on relevant subjects to improve industry expertise, and  integrating robust technology via a team of talented developers, Venga not only solves these problems but also fills a critical need in the market. At the same time, the app lets users discover the most favorable exchange rate and the most affordable fees for purchasing Bitcoin, Ethereum, and a plethora of other cryptocurrencies.

The Venga app was developed by a team of experts with extensive knowledge of blockchain technology. Its purpose is to educate the general users about crypto and bring breakthroughs from web3 and decentralized finance to their fingertips. Because of this, people will be able to choose the financial solutions that are most suited to their needs. Users will be able to embark on their crypto journey with confidence because of Venga’s transparent and compliance-first approach, which fosters trust.

Michael will be in charge of the company’s branding, team expansion, and finalize the first version of the Venga app as CEO of Venga. The all-in-one cryptocurrency app is now in the final stages of approval by both the App Store and Google Play. Once released, it will facilitate the swapping and staking of digital assets, as well as the access and education of users worldwide on cutting-edge web3 technology.

Michael Stroev said:

“We’re excited to be launching the first build of the Venga app, but this is only the beginning. Our focus remains fixed on our long-term vision and on the innovative products, services, and technologies that we are developing at Venga as we seek to become the go-to crypto app across Europe and beyond. We have the team, the tech, and the creativity in place to achieve this, and our community is already starting to form. As these elements converge, Venga will supply DeFi and web3 services to a new wave of users who are empowered to take full control of their finances and discover the many possibilities that crypto has to offer.”

Michael will spearhead Venga’s expansion as the company aims to improve its current crypto licenses, drawing on his vast industry expertise and network. Venga is registered as a Virtual Asset Service Provider with the Republic of Poland’s Ministry of Finance and as a Virtual Asset Custodian with the Bank of Spain. Venga has already started drafting the proposal for the next part of the company’s compliance journey, which involves seeking MiCA license.

Michael Stroev will have the support of an experienced executive team in this endeavor, which includes Mikhael Soschin, Head of Compliance (formerly of Blockchain Solutions Limited), Barbara Ippolito, and former Intelligence Analyst at Binance. They will work with the rest of the Venga team to achieve the company’s aim of introducing innovative blockchain technology to retail consumers and guiding them through the world of Web3.