A blockchain-based platform for capital markets called tZERO is planning to launch its own cryptocurrency wallet and exchange app as was recently announced. The likely name is tZERO Crypto App and this digital wallet and exchange were initiated through the tZERO Crypto Unit. With excitement, advocates see this initiative as “a significant milestone in tZERO’s plans to provide an intuitive experience for trading all digital assets.” According to their website, ‘tZERO aims to fundamentally revolutionize capital markets and truly address the inherent inefficiencies of Wall Street so that financial processes and investors are less beholden to legacy market structures.’
The CEO of tZERO, Saum Noursalehi said in the press release that his company is elated owing to the introduction of the new platform that will enable users to store and trade cryptos in their mobiles. Noursalehi said “we are excited to introduce the ability to trade and store cryptocurrencies in your mobile wallet. ” The company is tZERO is a subsidiary of Overstock.com and they designed the new app to replace third-party crypto exchange risks by providing a secure and user-friendly mobile trading and exchange service. He also claimed that releasing the app initially allows bitcoin and ethereum purchases but equally committed to compliance and safety.
Reportedly, the app is going to utilize biometric authentication to up the security, and ease use of the app. Also, investors will have access to a unique private key recovery system. This unique recovery system will enable investors to restore their funds and cryptocurrencies in case they lose their private keys or mobile phone.
Since investors are assured of being able to recover their funds with the tZERO Crypto App, this has somewhat upheld the high security and user-friendly claim of the company; risks associated with third-party cryptocurrency exchange providers are shortlived.
Credits- Chinagorom DilibeJOIN OUR COMMUNITY