RushWallet is a Cross-Platform Bitcoin Wallet
Rahul Kalvapalle — August 8, 2014 — Business
References: rushwallet & techcrunch
RushWallet is a new and extremely easy-to-use bitcoin wallet -- launched by KryptoKit -- that can be used on all mobile devices and web browsers. The service could help make bitcoin an even more popular currency.
RushWallet is essentially a mobile-enabled website that allows you to instantly send and receive bitcoin payments. Individual wallets are created by using a special 'color-in' feature that lets you drag your mouse around a specific area to generate a unique secret URL that gives them access to their RushWallet. A password can be added for enhanced security.
Users can view their balance, send or recive bitcoins and view a history of transactions. KryptoKit does not store any information or bitcoins. The source code has even been made publicly available so any user can verify the security of the system.
RushWallet is essentially a mobile-enabled website that allows you to instantly send and receive bitcoin payments. Individual wallets are created by using a special 'color-in' feature that lets you drag your mouse around a specific area to generate a unique secret URL that gives them access to their RushWallet. A password can be added for enhanced security.
Users can view their balance, send or recive bitcoins and view a history of transactions. KryptoKit does not store any information or bitcoins. The source code has even been made publicly available so any user can verify the security of the system.
Trend Themes
1. Mobile Bitcoin Wallets - The emergence of convenient cross-platform digital wallets could encourage the widespread use of Bitcoin, disrupting traditional payment systems.
2. User-generated Security - The use of individualized URL secret codes and optional passwords shows a trend towards users taking ownership of their own security, disrupting traditional security systems.
3. Transparent System Insight - Publicly shared source codes for systems like RushWallet offer increased trust and accountability, disrupting the lack of transparency in traditional financial systems.
Industry Implications
1. Financial Technology - Innovations in digital wallets could disrupt traditional financial services by providing users with more control over their financial transactions and security.
2. Mobile App Development - The trend towards mobile wallets requires further innovation in app development to optimize user experience and enhance security measures.
3. Cryptocurrency - The development of versatile mobile cross-platform wallets has the potential to increase the adoption and legitimacy of cryptocurrencies as a viable alternative currency.
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