Essentially, digital currencies were created as a way to make money transactions free of centralized concern. Ironically, banks today offer users the opportunity to buy digital currencies, a concept that loses almost all meaning of financial freedom. However, the benefits of digital currencies are not lost; It requires only a “native” storage method. First, cryptocurrencies are stored in a crypto wallet, device, or software that digital currency holders use to send, receive, and manage digital currencies. However, wallets can take many forms, some of which do not give the end user full control over their cryptocurrency.
Thus, non-custodial wallets (which provide full control) can be considered an integral part of financial freedom, allowing the user (and only the user!) To touch or move funds. Users have so much control over their money that even the wallet company, the team that developed them or other app manufacturers can stop these transactions.
As a result, users effectively become their own bank and have absolute control over their money. In some cases, the stakes are so high that families keep their savings in purely digital form when they leave their home country. In other cases, it is a protection against high inflation rates, as cryptocurrencies are often prohibited. Bitcoin (BTC) and the underlying power of the blockchain clearly have the potential to democratize the finances of the future, but the complexity of its use has held back adoption for a long time.
Non-custodial wallets are rated as “difficult to understand” and “too complex” for non-native cryptocurrency users; However, innovators in the industry have worked with maximum focus to provide the same user experience as backup wallets without losing any of the benefits of decentralization. Among these innovators is the team at Bitcoin.com Wallet, a wallet designed for mainstream adoption.
Support financial freedom and inclusion
“Our mission at Bitcoin.com is to support financial freedom, and we believe the non-prevention model is critical in this regard,” said Dennis Jarvis, CEO of Bitcoin.com. “Making 25 million wallets is a great achievement for us, but we also see it as a leader in the crypto industry. Not so long ago, you had to be so technically savvy to use a non-prison-related crypto wallet. It is almost impossible to separate these days. The user interface is practically different from apps like PayPal or Robinhood. This is important because it opens the door for mass adoption of cryptocurrencies as they should be, ie without intermediaries, and it bodes well for economic freedom around the world. ”
MORE INFO ABOUT BITCOIN.COM HERE
Unlike a depository where accounts can be restricted by location, the Bitcoin.com wallet is available to anyone, anywhere. Take, for example, the country of Nigeria, where cryptocurrencies are needed to hedge against inflation, but according to the authorities, its use is limited. As a result, Nigeria currently has the highest Bitcoin.com wallet installation rate of any country in recent weeks, as evidenced by data provided by the same team.
The Bitcoin.com wallet is positioned as a multi-currency wallet that allows people to buy, sell, exchange and use thousands of cryptocurrencies.
As their team describes it: “Bitcoin.com is, of course, the number one Bitcoin company, and we are proud to offer some of the best tools for interacting with the Bitcoin and Bitcoin Cash chains, both of which serve an important (and different) However, cryptocurrencies have evolved far beyond sound money. “Only.” There are many interesting projects in space, and many of them are being developed on other blockchains. for people to experience and take advantage of new and powerful applications – all in one practical application. ”
The Bitcoin.com wallet already supports many new uses, including connecting and using DApps (decentralized applications) through the WalletConnect protocol. This protocol provides benefits such as decentralized exchanges, loans and loans and trading in non-fungible tokens (NFT), all without having to create an account, risk platform cancellations or manage geo-restrictions.
The Bitcoin.com wallet has also recently added support for a USD-backed stablecoin that automatically pays interest rates of 10 to 20% per annum to holders.