Blockchain

RockWallet Innovates Self-Custodial Crypto Wallet

Image of a laptop, wallet, cash, and tokens

RockWallet has launched its own innovation of the self-custodial crypto wallet. Utilizing the proven and secure BRD open-source code that has been trusted by millions of users for eight years, RockWallet provides customers with a recognizable and simple interface, while at the same time adding new and convenient features. 

RockWallet is a multi-currency wallet that enables customers to send, store, receive, buy and swap a variety of cryptocurrencies, including BSV, ETH, and BTC, in an easy-to-use mobile app that is available for download at no cost in mobile app stores.

Because RockWallet is self-custodial in nature, it eliminates the counterparty risks associated with centralized exchanges. Custodial wallets act as a third party that manages their users’ private keys; hence, sensitive data stored on their platforms or apps are more vulnerable to cyber breaches and leaks. 

On the other hand, users have full control of their private keys and digital assets when it comes to self-custodial crypto wallets like RockWallet, which is actually a feature of the original Bitcoin protocol where trusted third parties are taken out of the equation.

However, self-custodial wallet users must always remember that it is of utmost importance to keep their private keys in a safe location that only they can access. If they lose their private keys or someone steals them, the digital assets in the wallet are lost forever. Users must come up with a set of practices to safeguard their private keys. 

RockWallet on the BSV Blockchain

As RockWallet is built on the BSV Blockchain, it has the ability to process instant nanopayments for not more than one-hundredth of a cent per transaction. In order to promote true peer-to-peer payments and global remittances, BSV can be safely transferred without confirmation (also known as zero-conf).

 

RockWallet supports not only BSV, ETH, and BTC but also, BCH, XRP, BAT, Chainlink (LINK), Loopring (LRC), Shiba Inu (SHIB), and 0x (ZRX), among others. It also transacts using stablecoins USDC and USDT. According to RockWallet, support for more cryptocurrencies will be made available in the future.

Other features include cutting-edge security, key storage, easy registration and setup, and the acceptance of debit and credit cards for digital asset purchases. Because RocketWallet is registered with the Financial Crimes Enforcement Network (FinCEN) in the United States as a money service business (MSB), users can be assured that the crypto wallet is regulation compliant and that they are protected by federal regulations. 

RockWallet’s Mission

RockWallet LLC’s mission is to help people truly benefit from the digital market by creating tools that facilitate the management of digital assets in a way that is both simple and secure. Promoting user confidence through its user-friendly interface is also at the top of the company’s priorities. 

Additional app features from RockWallet are on the way, as well. ACH, which stands for Automated Clearing House Network, is a function that will help this self-custodial crypto wallet grow in the future. By allowing consumers in the United States the option to link their bank accounts to their RockWallet accounts, its utility further increases and it becomes more relevant to a wider market. 

“We’re excited about RockWallet, which offers all the amazing security and self-custody features of the BRD open-source platform. Our goal is to build products that empower people to navigate and access the digital asset economy, easily and securely,” RockWallet COO Steve Bailey shared.

RockWallet can be downloaded at the Apple App Store and the Google Play Store. Check out www.RockWallet.com to learn more.

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