Will the Ethos Universal Wallet Spur Adoption of Bitcoin and Cryptocurrency?
Ethos announced on Monday that the Netherlands will be the first country to run the Ethos Universal Wallet. Ethos is striving to change how consumers interface with digital currencies.
The Ethos Universal Wallet is designed to be the go-to mobile platform that can give you a complete overview of all your cryptocurrency assets along with rich analytics to show you how your portfolio is doing.
Gefeliciteerd! Congrats to the Netherlands for being the first country who will receive the Ethos Universal Wallet! Let us know which country you think will be next! 🇳🇱🇳🇱🇳🇱 pic.twitter.com/ht4PdRlUND
— Ethos.io (@Ethos_io) May 7, 2018
More Hype or Real Game Changer?
Ethos is tackling a lot of problems in the cryptocurrency trading space. Managing private keys is one of the main obstacles to the widespread adoption of Bitcoin, Bitcoin Cash, Litecoin, Vertcoin, Dash and the many other cryptocurrencies that are vying for an entry point to brick-and-mortar merchants at the shopping mall. Because of the complexity of buying and selling cryptocurrencies and managing wallet addresses, they’re not nearly as easy to use as traditional money.
Ethos is promising a set-it-and-forget-it method with a single 256-bit seed, 24-word mnemonic that provides master encryption for all of the private keys in each wallet you create. The value of the Ethos technology will be in its ability to change the global perception that cryptocurrencies are a huge hassle to manage. That will be determined by crypto traders and digital asset holders who currently juggle multiple hard wallets, cold wallets and accounts on a variety of cryptocurrency exchanges, across different blockchains, instead of storing and tracking them all through a single mobile app.
As speculators wonder which country will be selected next after the Netherlands, the company is planning to log the availability of the Universal Wallet on its upcoming Ethos Global Rollout Page.
Ethos, formerly Bitquence, is traded under two symbols: ETHOS and BQX.