DEX aggregator 1inch launches wallet app for iOS users

advertisement

Decentralized exchange (DEX) aggregator 1inch has launched an iOS app.

The app, 1inch Wallet, is meant to provide customers with a mobile-friendly way to perform token swaps, trades, and other transactions. According to a press release shared with The Block, the application will launch in stages. The first stage will focus on a "highly secure wallet implementation with swaps." Staking, governance and liquidity pools will be introduced at later stages. 

In addition, the app boasts other features including push notification functionality, iCloud encrypted back-up, and support for EIP-681 payment requests, meaning users can pay using URLs. 

"We see a lot of people using their mobile devices to interact with DeFi in general and with the app.1inch.io (the 1inch web browser dApp) in particular," 1inch co-founder Sergej Kunz told The Block. "In order to offer the most user-friendly and full-fledged solution, we needed a highly secure and modern crypto wallet which is now an essential part of the 1inch mobile application."

According to Kunz, in the following months, the 1inch team plans to work on the app's localization into different languages, adding a fiat on-ramp feature as well as integrating other updates. 

“Thanks to the recent expansion of the 1inch Network to Binance Smart Chain (BSC), 1inch users can now easily switch between BSC and Ethereum, looking for higher speed and lower fees,” Kunz said. “We are closely monitoring the latest developments in the DeFi space, and we’ll add support to other promising blockchains.”

1inch is a liquidity aggregator that connects several decentralized exchanges onto one platform.

The company raised $12 million in a Series A funding round led by Pantera Capital in December 2020.  

Related Reading

Get Your Crypto
Daily Brief

Delivered daily, straight to your inbox.

TRON USDC now available

Delivering on a vision for an interoperable global standard for dollar digital currency, Circle and TRON have partnered to make USD Coin (USDC) available on the TRON blockchain, which has grown to more than 56 million accounts and nearly 2.5 billion transactions since its founding just four years ago. TRON is home to a broad ecosystem for digital assets in Asia and around the world, and the TRON community can now benefit from easy access to the world's fastest-growing, regulated dollar digital currency. 
Read Full Story
Sponsored Post

Layer-1 Platforms: A Framework for Comparison

The Block Research was commissioned by Algorand to create Layer-1 Platforms: A Framework for comparison, which provides a “look under the hood” at seven platforms: Algorand, Avalanche, Binance Smart Chain, Cosmos, Ethereum/Ethereum 2.0, Polkadot, and Solana. We assess their technical design, related ecosystem data, and qualitative factors such as key ecosystem members to get an understanding of how they differ. Having done this analysis, we draw some insights for what the future of the broader smart contract landscape could look like for years to come. 
Read Full Story
Aug 11, 2021, 5:18PM UTC
More