INSUBCONTINENT EXCLUSIVE:
Popular crypto wallet service MyEtherWallet has just launched a limited beta version of its first companion mobile app, which we wrote about
earlier this week.
If you&re a big MyEtherWallet user or just curious about crypto, you&ll want to get hold of the app
Since it in beta, you&ll need to headhereand follow the instructions to email the company to request access
A full launch for iOS and Android is expected in August.
The MEW Connect app allows users to log into the service without typing their
private key, just like hardware solutions such as Ledger or Trezor
That important because inputting sensitive information like a private key can lead to an account being compromised in the event of a
At least two major incidents have happened this year, so the threat is very real.
UnlikeLedger or Trezor, though, MEW Connect is free which
could help encourage more people to adopt better security practices since MyEtherWallet.com is a much-trafficked website
The company says its domain sees upwards of 600,000 visitors each day.
MyEtherWallet founderKosala Hemachandra told TechCrunch that he hopes
beta users will comb through the code and help find issues with the app before its wider release to all, and the arrival of the Android app
Those with bugs can submit them on HackerOne here, where the rewards on offer range from $250 to$2,000.
Beyond enabling a secure connection
for MyEtherWallet.com users, the app could offer features including payments in the future,Hemachandra admitted, which could provide a major
boost to the crypto industryas it aims to reach more mainstream attention.
MyEtherWallet isn''t the only service supporting a connection app
MyCrypto.com, a service that broke away fromMyEtherWallet earlier this year,MyCrypto.com supports the Parity Signer app.
Crypto most
popular wallet service is getting a mobile app for secure login
Note: The author owns a small amount of cryptocurrency
Enough to gain an understanding, not enough to change a life.
