News

Bitcoin exchange OKCoin introduces the Superwallet

Thursday 23 April 2015 00:23 CET | News

OKCoin, a CNY Bitcoin exchange, has launched a wallet product that encourages the industry to reach mainstream consumers.

Dubbed Superwallet, the OKLink desktop wallet, currently in beta, promises to combine fiat mobile wallets and traditional Bitcoin wallets.

In effect, the Superwallet will allow users to spend BTC, CNY or USD at Bitcoin-accepting merchants, converting fiat currency to Bitcoin only at the point of sale as a means of transmitting the payment and settling the transaction.

The company sees the Superwallet as more useful to its domestic Chinese users, who can connect bank accounts directly to the product, something US users are not able to do. Still, there are workarounds for those who are willing to go through the current levels of friction to initiate USD purchases on the Bitcoin network.


Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: Bitcoin, online payments, digital payments, cryptocurrencies, OKCoin, superwallet
Categories: DeFi & Crypto & Web3
Companies:
Countries: World
This article is part of category

DeFi & Crypto & Web3






Industry Events