Earlier today, Mycelium officially announced the introduction of their new wallet. The new wallet application is expected to be a feature rich product with various integrations according to the company’s website.
The announcement about the new wallet was made on the well-known social media forum, Reddit by one of the company representatives. Simply called Mycelium , the wallet is expected to support various API integrations, allowing people to include their own service and feature offerings into the application. By allowing people to integrate their services into the wallet, the company is cutting down the time and resources it spends on manually integrating the features upon a partner’s or a vendor’s request. Now instead, any company or a bitcoin platform can use the available wallet API to plug in their offerings directly to Mycelium.
Another advantage as mentioned by in the announcement includes support for multiple cryptocurrencies and digital assets. This will allow Mycelium to become a universal wallet, allowing users to have just one wallet to meet all their cryptocurrency deposit, storage and transaction needs. The open API feature will come in handy as it will allow developers to create supporting wallet integrations to enable handling of other digital currencies like Litecoin, Dogecoin, Ethereum and even other digital assets and tokens like hotel keys and stocks. Once implemented, it will turn Mycelium into a ‘Crypto-Swiss knife’. Cryptocurrency users will be able to make do with just one application for all their needs. Also, Mycelium’s move to use ReactNative platform will allow users across all the platforms to have similar user experience on the application.
Mycelium has plans to include more features into their wallet application to help people maintain their digital finances as well. Going by the announcement, there will be accounting and bookkeeping functionality built into the wallet application. It will […]
