New York, New York-based one of the world’s first and top rated software wallets Mycelium announced last week its integration with open source, decentralized digital currency Dash. The integration will come into effect in October.
With the coming into effect of the integration, Mycelium users will be able to securely buy, sell and hold Dash, which comes with extremely low fees, optional payment privacy via pool mixing technology, advanced encryption and instant transactions.
The integration aligns with Mycelium’s current wallet redesign, where a more modular and simpler system to support even more open source technologies will be implemented. As such, the wallet provider is switching from its proprietary BitLib library to the much more popular BitcoinJ.
“We benefit from giving our customers direct easy access to one of the most popular cryptocurrencies after Bitcoin, while setting up the Mycelium wallet to be a true multicurrency wallet, said Mycelium CEO Alexander Kuzmin in a press release sent to CoinReport. “Dash benefits from being implemented into the world’s most popular, secure, and trusted wallet, with the backing of a company with an impeccable reputation. Dash has a team of highly skilled developers and we are extremely happy to be partnering with them. Together we will become an even larger force in the cryptocurrency space, its our goal to give customers a mainstream, easily adaptable digital wallet that will stand the test of time.”
The eighth most valued cryptocurrency in the world, Dash currently has a market cap of $56 million. It’s managed by a self-funded, self-governed organization comprised of over 15,000 users, moving half a million dollars across the network every 24 hours. Miners verify transactions and 4,000 master nodes across the globe protect the system. Projects can be proposed and voted on by the community, thanks to Dash’s in-built governance and funding system, and if approved, paid for directly from the blockchain.
“Mycelium is the bitcoin wallet veteran and one of the most widely used digital wallets. They are leaders in the space and as the industry evolves they have a vision of becoming a hub for crypto financial services,” said Dash VP of business development Daniel Diaz in the release. “We are very excited to be partnering with Mycelium so that their fantastic user base can take advantage of Dash’s innovative features. Thousands of people are using Dash because we have a strong, stable alternative to bitcoin, perfectly suited to the mobile user.”
Image courtesy of Dash via PR firm Wachsman PR