Ambo Cryptocurrency Wallet, Owned By MyCrypto, Announces launch of iOS Application

Ambo Cryptocurrency Wallet, Owned By MyCrypto, Announces Launch Of iOS Application

Cryptocurrency adoption growth rate is slowly finding its way as recent studies show a total of 88% of the surveyed 1,000 Americans want to extend their investment options to include cryptocurrencies. Furthermore, a total of 42% of the investors claimed they would use digital assets as a form of saving (store of value). This shows a growing market that requires better applications to ease their journey in the cryptocurrency industry. Ambo cryptocurrency wallet is aiming to be the top application with a seamless interface and comfortable user experience.

Ambo cryptocurrency wallet, acquired by MyCrypto recently, announced the launch of the iOS app on Apple App Store. The Ambo iOS app is a collaborative effort between Ambo and MyCrypto to develop a user-friendly finance app for the next generation. The application allows users to act as a fiat gateway to the Ethereum token ecosystem. The announcement further confirmed that the web application and an Android app are still in development.

The Ambo iOS Application

The iOS app will be available to all users starting Tuesday, 16th April 2019 at 1000 hrs. UTC as per the announcement. The application aims to offer the user with the best UX experience, efficient transactions, easy purchase and use of digital assets. Users with the Ambo app are able to transfer fiat currencies from their bank’s debit or credit cards to the app, deposit ETH and other ERC 20 standard tokens to the wallet and purchase and sell over 170 different types of ERC 20 tokens on the wallet app.

The app further allows users to view market analysis of different cryptocurrencies, fulfill payment requests from other individuals and keep up to date with the latest news from the world of cryptocurrencies.

The founders, Jai, Richter Brzeski (CTO) and Jack Lipstone (CMO) set the goal of the company towards making their consumers’ journey in the blockchain industry simple through app developments in an experience first approach. This enables them to build better applications for their users.

The management team was stunned by the impressive numbers annexed from the testing period across the 15 countries. The CMO of Ambo, Jack Lipstone said,

“Beta testers for Ambo spanned 15 countries, and when we saw users spending an average of 15 minutes and 58 seconds per day on the app, we were stunned. Compared to the average phone user in the United States, according to App annie, who spends just under five minutes on retail banking apps, seeing users engage with the app 3x the industry benchmark has been hugely validating.”

The Comments From The Management Team

In an email to our newsrooms, Ambo CEO, Jai Bhavnani, showed positive enthusiasm in the latest development saying the launch of Ambo represents a significant step toward the future of cryptocurrency adoption across the globe. He said,

“None of the decentralized financial protocols built on the Ethereum protocol were able to replace central banks because they were just too difficult to use. In order for billions of people to take advantage of a decentralized financial ecosystem, they first have to be able to understand it and easily access it.”

The CEO and founder of MyCrypto, Taylor Monahan, believes that the Ambo wallet provides the users with a secure platform with a comfortable UX experience hence “removes fear from the equation”. He said,

“Ambo is one of the first products in blockchain without a totally terrifying user experience. The emphasis on ease-of-access and comfortable UX removes fear from the equation, and we're excited to see how it grows over time.”

About MyCrypto

MyCrypto is the leading blockchain interface that eases the process of managing your cryptocurrency in a safe, accessible, and open-source environment. Developed by and for the community since 2015, they're focused on building awesome products that put the power in people's hands.

About Ambo Wallet

Ambo is a family of products developed with the goal of enabling access to web 3.0 technologies for mainstream audiences. The Ambo Wallet, their flagship product, enables users to access decentralized financial protocols without the traditional complexities of using a dApp.