HandCash released the updated version for their Android app on June 2nd. The update allows users to use handles in transactions to specify the address.
The Handcash app was initially launched in February this year as a means for BCH holders to pay with a mobile wallet. It allows ‘hand to hand’ payments between devices without the need for giving out a wallet address or QR code, hence the name. The developers also want the users to take heed of the fact that, while this app runs on the mainnet, it is still considered a BETA while they get paperwork acceptance.
Last week, the firm Nchain Group announced they had “closed a deal” that gives the company a large stake in the Handcash platform. According to Nchain, the deal was facilitated through the company’s investment arm Nchain Reaction. Nchain says that the application Handcash make it easier to send BCH in a contactless fashion without any of the processes of copying an address or scanning a QR code.
Over the years there have been a couple attempts of NFC cryptocurrency wallets but nothing has really gained traction. There’s been a long wait for a cryptocurrency platform that delivers smooth and effortless cryptocurrency transactions combined with NFC technology, and BCH proponents hope this partnership delivers on its promises.
HandCash makes it easier to send Bitcoin Cash without having to ask for a complicated receipt address or even a QR code, as most current Bitcoin applications require. Instead, users can identify and send funds to each other using “handle” names. In addition, users can keep their funds safe with easy ways to backup their wallets on the cloud or inside any NFC chip.