Ultracold atoms created using microtraps are being used in an increasing number of diverse applications. This paper reviews the double-loop microtrap which consists of two concentric circular wire loops carrying oppositely oriented currents. This generates a magnetic field configuration that traps a magnetic dipole in three-dimensions. The position of the trapped atoms relative to the atom chip surface containing the microwire loops, can be precisely controlled by applying different currents in the two loops or alternatively using a so called bias magnetic field oriented perpendicular to the chip surface. Double-loop microtraps can be daisy chained in series to create a one- or two-dimensional microtrap array. Experiments that have demonstrated a double-loop microtrap array are discussed. Future possibilities are presented as to how atoms can be transferred between adjacent microtraps as well as the use of an additional micro sized Ioffe coil to create a trap having a nonzero magnetic field minimum to reduce atom loss by suppressing Majorana transitions.