As ICOs get increasingly popular by the day, the demand for an easy way to transfer and store these tokens has grown. Digital wallets fulfill this purpose, however, to stay ahead in a very competitive space, the wallets have to make efforts to increase user engagement. Brazilian digital wallet company BreadWallet has made a name for itself by rewarding users loyalty points for using the app on a frequent basis.
Just three months after the successful completion of their ICO, BreadWallet has announced that its Bread (BRD) application will start supporting Ethereum in the first week of April. However, the ERC20 functionalities will be available only to investors in ICO.
The new functionality will be compatible with iOS and Android applications, which will be available after internal testing. They are even organizing a token airdrop in celebration of the project’s success.
Aaron Lasher, BreadWallet’s co-founder has commented: “The next release is targeted for the first week of April, when the app will fully support Ethereum, in addition to bitcoin and bitcoin cash, all decentralized. In April, ERC20 token functionality will be made available exclusively to our current beta testers who are holding ETH and BRD, a group that is now closed to new applications. We appreciate our most loyal users and want to enable them first access to these new features.”
An important takeaway from this is that Bitcoin-oriented wallets are gradually adding support for alternative currencies. More competition in both cryptocurrencies and its wallet providers will be a good thing for the cryptosphere.