Stellar Wallet Lobstr Launches New Consumer-Friendly Custody Service

The famous Stellar wallet, Lobstr, announced that it launched a new consumer-friendly platform aimed at retailer. The main intention is to offer a secure service for users. Lobster was launched back in 2015 and has became one of the most important wallets in the market.

The company will be working with DigitalBits, a blockchain startup that will be supporting the custodial and wallet storage for using the DigitalBits blockchain.

XDB Labs aim to deliver a wallet solution that is simple and easy to use for both companies and consumers. The XDB Wallet will be acting as a solution to hold virtual currency assets on the DigitalBits blockchain. The first asset supported will be DigitalBit’s native token known as XDB.

Al Burgio, CEO of the DigitalBits Foundation commented on the matter:

“XDB Wallet will not only make management of digital assets, such as loyalty and rewards points, simpler, but also provide incomparable levels of security for its users.”

Additionally, DigitalBits wants to create a marketplace for consumers to store and trade their crypto assets. For example, users would be able to store there loyalty points of any kind.

There are some analysis that show that over $16 billion dollars of loyalty points are not redeemed. And this is just in the United States, the number grows if we take into account other countries. With blockchain technology the situation can be improved helping consumers use their loyalty points in an easy way.

Gleb Pitsevich, Lobstr co-founder believes that using blockchain technology to consumer loyalty programs can disrupt the whole industry. Clearly, distributed ledger technology (DLT) would make it a much more competitive industry.

Stellar Lumens is currently traded close to $0.25 dollars and has a market capitalization of $4.86 billion dollars.

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