BitVault® to integrate Waves Wallet and DEX

IRELAND – 1 DECEMBER 2017 – Embedded Downloads announced today that BitVault®, the world’s first blockchain phone and crypto communicator will integrate the Waves Wallet and DEX in the first quarter of 2018.

 

The company further announced that the Waves Wallet and DEX will also be incorporated into the Swiss Bank in Your Pocket hardware wallet.

 

 

What is the Waves Platform?

The Waves platform is described as an Open Blockchain platform, one that takes the functionalities of Bitcoin and extends them further beyond the simple application of value transfer.

 

Waves is a platform where Bitcoin, cryptos, fiat currencies, and all types of real-world commodities and assets can be issued, transferred and exchanged in a fully decentralized manner. The Waves platform also provides a crowdfunding solution through its lite client wallet.

 

Waves, employs the best of two worlds to bring a fully functional exchange that is as fast as a centralized one but does not suffer from the same security issues as centralized exchanges.

 

 

The fiat-crypto problem is also solved through Waves’ fiat gateways

Waves’ fiat gateways are run by compliant gateway operators which are organizations (like payment providers) thanks to which users can easily convert their fiat currencies into tokens on the Waves blockchain.

 

These fiat tokens (wUSD, wEUR, etc) can then be transferred to the blockchain itself much faster than any traditional banking transfer and for a much lower fee. Users are then able to withdraw their tokens for fiat once they are received. Other cryptocurrencies can also be tokenized on the Waves blockchain, which is the case of wBTC, a corresponding asset on the Waves blockchain that is backed 1:1 by real Bitcoin.

 

Recently Embedded Downloads developed an EOT coin  / EOT token gateway in its Swiss Bank in Your Pocket hardware wallet.

 

Embedded Downloads also stated that integrating a decentralized platform like the Waves DEX into secure products such as the BitVault® and Swiss Bank in Your Pocket creates one of the most secure environments for traders of cryptocurrencies integrating all the security features of encryption and blockchain technology into one.

 

More about Waves

 

More details on BitVault® 

 

BitVault® is owned and developed by Embedded Downloads, with development offices in Limerick, Ireland and New Delhi, India. Embedded Downloads specializes in secure hardware and software relating to the “Internet of Things”.  

 

BitVault® is a registered trademark of Embedded Downloads and all rights are hereby reserved.

 

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