SovereignWallet Crypto Company Announces Its New “Fastest-Transfer-In-The-World” Service
SovereignWallet, a cryptocurrency company, has announced that it is now introducing to the market, the fastest way to transfer Bitcoin in the world. The new addition to its service is said to be as effective and secure as any available transfer service in most commercial banks today.
People who use other currencies like Ethereum, ERC20 tokens and MUI – which is SovereignWallet’s own token – have been enjoying a framework that lets them transfer crypto to their recipients by a simple click on their profile. This action can be taken anywhere in the world by using their mobile phones. The platform also notifies both sender and receiver, when a transaction has been successfully concluded.
Seogku Yun, the CEO of SovereignWallet has expressed that the new service allows Bitcoin users to use the same platform for their own transactions and enjoy the same transfer speed. Yun explained that end-to-end encryption now makes transfers a lot easier and more secure, asserting that each transaction will only take about 15-20 seconds, to be completed.
This, according to Yun, is one of the pioneer crypto services existing, which does not necessitate an address for the successful completion of a transfer.
The company has also said that this service which is largely centered on users’ smartphones, is being specifically introduced to avoid the large transaction charges usually incurred when these transfers are made. The decision to add Bitcoin to its services is said to be selfless one that gives users more options and to also tackle the generally long time a transaction needs for completion.
Safety And Security
SovereignWallet has expressed its commitment to make security very important even as it tries to simplify all the processes and transactions on its platform. The company already offers end-to-end encryption and has added a tool that allows users to retract messages, secure their login and also retrieve private keys.
The company seeks to spread its tentacles to attract as many users as possible by making SovereignWallet obtainable in different languages. Apart from English, other languages currently include Portuguese, Chinese, Russian, Japanese and Vietnamese. Other languages are intended to be added soon.
The company plans to be an integral part of a period it has repeatedly called “Blockchain 3.0”. It says that this “is the first phase in delivering an ecosystem of blockchain solutions that have the potential to touch millions.” The intention is to continuously innovate and create new services, features and framework that will improve the process, transactions and also completely remove all the problems and weakness the current methods have.
Before now, people who are interested in creating their own currencies have to go through a long and arduous process by using blockchain. This is very tedious and usually costs hundreds of thousands of dollars. In some cases, it does cost millions. SovereignWallet intends to solve this problem by letting people produce their own currencies using their already available framework.
Furthermore, a network that is specifically based on the viewpoints of Satoshi Nakamoto, is being created. Called the MUI Meta-Blockchain, the company says that it will be something that goes exactly in line with what the anonymous Bitcoin founder is known for. Already, the company has signed a Memorandum of Understanding with the University of Southern California, to assist in the creation and drive of this vision. The goal here is to “create a society in which wealth is distributed more evenly.”
The company also announced that there are many other services being developed and they would be released soon.