Powered By Mobile Stack: How The SheFi Wallet Unlocks Financial Inclusion in Web3

Published on
November 1, 2024

With the popularity of decentralized finance (DeFi) and cryptocurrency on the rise, one major challenge remains: accessibility. Nearly 60% of people cite a lack of understanding as a key deterrent to engaging with Web3. This gap is particularly noticeable in the crypto and Web3 sectors, where women and nonbinary individuals often face additional barriers in accessing resources, networks, and educational opportunities.

SheFi–a global community dedicated to fostering financial literacy and inclusion–is on a mission to empower those eager to start their Web3 journey. Enter Mobile Stack, a decentralized open protocol that aligns with SheFi’s ethos of access and empowerment, supporting mobile-first applications to onboard the masses into Web3. By leveraging Mobile Stack’s powerful infrastructure, SheFi was able to create and launch their consumer application—a customized wallet tailored to their community. Featuring SheFi’s much-beloved branding, this intuitive financial tool bridges the accessibility gap for users, paving the way for financial independence, education, and active participation in the decentralized economy.

Introducing the SheFi Wallet

Since its inception, SheFi has offered 12 seasons of engaging educational programs for women and non-binary people, each week exploring unique themes like “Becoming a Blockchain Baddie,” “Wonder Wallets,” “DeFi 101,” and “Trading Tokens.” Now, with the launch of SheFi’s custom wallet, participants can apply their knowledge directly within a native environment—free from complicated onboarding and clunky dApp connections.

The mobile-first digital wallet is a complement to SheFi’s mission of financial empowerment. Designed for individuals new to the crypto space and experienced crypto users, the wallet simplifies the complexities of the crypto onboarding experience. By focusing on an intuitive user experience (UX), the wallet was built to empower users to easily manage their digital assets.

Mobile Stack’s Role in Advancing Financial Accessibility with SheFi

By utilizing Mobile Stack’s powerful infrastructure and built-in features, SheFi delivers a secure, mobile-friendly, and scalable wallet that bridges the accessibility gap and creates pathways for financial independence—all without the need for a dedicated development team. By minimizing development expenses and resource requirements, this collaboration with Mobile Stack allowed SheFi to bring their vision to life efficiently and affordably. This focus on simplicity empowers users to take control of their financial futures in Web3, encouraging active participation in the decentralized economy through an enhanced user experience tailored to SheFi’s unique community. With custom features like ‘SheFi Points’, Mobile Stack is able to help the Wallet align the app with community values and meet their needs, enhancing user engagement and supporting SheFi’s mission.

“The future and opportunity for Web3 is in our hands—quite literally on the devices we carry every day. It’s time to make Web3 as mobile and accessible as the world we live in.” Jackie Bona, CEO @ Valora, Building Mobile Stack

Case Study: SheFi’s Success with Mobile Stack

The Challenge

As a community-driven initiative focused on empowering women and non-binary individuals in the decentralized finance space, SheFi set out to build a mobile-first wallet that caters to both crypto newcomers and seasoned users alike. A core part of SheFi’s mission is to onboard new crypto users in a safe and secure way, allowing them to explore blockchain with confidence. By offering their own branded SheFi wallet, they’ve created an environment where cohort members feel comfortable navigating the crypto landscape. The SheFi app removes many of the common crypto barriers-to-entry by eliminating seed phrases in onboarding, enabling simple cross-chain swapping, and integrating Cash In Cash Out (CICO) providers, making crypto less complicated and more accessible. 

Balancing this user-friendly experience with advanced features like secure asset storage and seamless fiat on-ramps typically requires considerable resources and expertise, but SheFi's thoughtful approach makes it possible to achieve both.

Powered By Mobile Stack

By leveraging Mobile Stack’s comprehensive toolkit, SheFi was able to streamline wallet development without needing advanced back- or front-end development skills. This allowed them to focus on delivering an intuitive and engaging user experience.

As a result, the SheFi Wallet offers a customized solution for first-time crypto users, while still providing sophisticated features for experienced Web3 enthusiasts, striking the perfect balance between simplicity and powerful functionality.

Real-World Impact: SheFi’s Success in Global Education

SheFi's commitment to financial inclusion and education in the decentralized finance space has had a significant impact, encouraging those new to Web3 to engage with confidence. Since launching the SheFi Wallet, the organization has grown to be available in 98+ countries, increasing active participation in DeFi from women and non-binary individuals. SheFi has made it easier for over 7,000 new members to join the community, with Wallet users from the United States, India, Nigeria, and South Korea reporting improved financial literacy and greater confidence in managing digital assets.

The app plays a crucial role in SheFi’s mission to make DeFi accessible to everyone by integrating their curriculum into a user-friendly mobile experience. This approach helps demystify crypto for newcomers, providing them with the tools they need to learn and grow within a single app. By leveraging Mobile Stack’s intuitive infrastructure, SheFi has created a supportive environment for users to explore the decentralized economy and develop essential skills, empowering them to navigate the space with confidence. This mobile-first strategy not only opens up access to crypto but also strengthens SheFi’s community-driven mindset, ensuring that everyone, regardless of technical expertise, can be part of the Web3 ecosystem.

Community Testimonials

As users navigate the complexities of decentralized finance, SheFi is making a significant impact by empowering individuals with its innovative wallet solution. Here’s what some users have to say about their experience:

Through these experiences, it’s clear that SheFi is not just a wallet but a transformative tool that enhances financial independence and security for its community. 

Build Your Community with Mobile Stack

Mobile Stack is at the forefront of bridging the gap between Web3 and mobile accessibility, offering a solution that is both user-friendly and powerful for builders. Builders can learn more, access resources, and explore the transformative potential of Mobile Stack today at mobilestack.xyz. For the latest updates, follow @MobileStackXYZ and @SheFiOrg on X.