1inch launches mobile wallet on Apple iOS

Decentralized exchange aggregator 1inch launched its wallet on Apple iOS Tuesday, allowing users to swap tokens on their mobile devices. 

The new wallet brings all the advantages of the 1inch Network to mobile users, allowing traders to instantly swap tokens at lower rates. The iOS wallet also supports so-called “stealth transactions” within the Ethereum network. Stealth transactions ensure that transactions are hidden from third parties, which 1inch claims can reduce the risk of front-running.

Crediting Binance Smart Chain for 1inch Network’s recent expansion, protocol founder Sergej Kunz said, “1inch users can now easily switch between BSC and Ethereum, looking for higher speed and lower fees.” He continued:

“We are closely monitoring the latest developments in the DeFi space, and we’ll add support to other promising blockchains.”

The wallet’s initial rollout focuses on highly secure implementation with swaps. Real-time rates, fast signing of transactions, and integration with Apple Watch and Apple iCloud are also part of the initial release. Staking, governance and liquidity pools will be introduced at a later date. 1inch explained:

“Among the wallet’s key advantages is its top-level security, as the wallet parses call data, showing what is happening in a user-friendly manner. Also, receiving real-time rates and fast signing of transactions are highly important. With 1inch Wallet, transactions can be approved and confirmed even on Apple Watch.”

1inch burst onto the DeFi scene in the second half of 2020 and quickly gained notoriety among traders for its ability to find the cheapest exchange rates among DEXs integrated into its ecosystem. In terms of total users, 1inch ranks fourth among decentralized exchanges over the past seven days, behind Uniswap, 0x and SushiSwap. In January, it was as high as second in terms of total users.

The DEX aggregator launched in August 2020 after being bootstrapped by Binance Labs, Galaxy Digital and other investors to the tune of $2.8 million. In December 202, 1inch closed a $12 million funding round led by Pantera Capital, with key contributions from ParaFi Capital, Nima Capital and many others.

Source: https://cointelegraph.com/news/1inch-launches-mobile-wallet-on-apple-ios

More from Republished By Plato

bitcoin
Bitcoin (BTC) $ 58,834.07 1.39%
ethereum
Ethereum (ETH) $ 4,140.10 4.65%
binance-coin
Binance Coin (BNB) $ 682.59 5.68%
dogecoin
Dogecoin (DOGE) $ 0.545897 2.19%
cardano
Cardano (ADA) $ 1.79 4.94%
xrp
XRP (XRP) $ 1.61 6.47%
tether
Tether (USDT) $ 0.999941 0.01%
polkadot-new
Polkadot (DOT) $ 41.41 6.05%
bitcoin-cash
Bitcoin Cash (BCH) $ 1,512.80 11.23%
litecoin
Litecoin (LTC) $ 401.77 15.64%
chainlink
Chainlink (LINK) $ 52.13 9.45%
uniswap
Uniswap (UNI) $ 40.73 3.43%
stellar
Stellar (XLM) $ 0.727259 21.13%
vechain
VeChain (VET) $ 0.230916 5.71%
ethereum-classic
Ethereum Classic (ETC) $ 126.20 4.88%
usd-coin
USD Coin (USDC) $ 1.00 0.01%
solana
Solana (SOL) $ 45.56 1.59%
theta
THETA (THETA) $ 11.98 1.21%
tron
TRON (TRX) $ 0.146941 4.98%
filecoin
Filecoin (FIL) $ 147.25 2.26%
eos
EOS (EOS) $ 10.74 6.98%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 59,253.93 1.60%
monero
Monero (XMR) $ 481.94 4.25%
neo
Neo (NEO) $ 121.07 4.87%
binance-usd
Binance USD (BUSD) $ 0.999810 0.01%
bitcoin-sv
Bitcoin SV (BSV) $ 372.67 3.80%
terra-luna
Terra (LUNA) $ 17.54 4.53%
pancakeswap
PancakeSwap (CAKE) $ 39.87 7.63%
iota
IOTA (MIOTA) $ 2.28 8.69%
cosmos
Cosmos (ATOM) $ 28.88 3.78%
aave
Aave (AAVE) $ 481.52 4.98%
ftx-token
FTX Token (FTT) $ 63.00 3.34%
shiba-inu
SHIBA INU (SHIB) $ 0.000015 6.24%
tezos
Tezos (XTZ) $ 7.12 5.44%
huobi-token
Huobi Token (HT) $ 29.94 16.13%
maker
Maker (MKR) $ 5,405.18 0.40%
avalanche
Avalanche (AVAX) $ 41.27 12.70%
klaytn
Klaytn (KLAY) $ 2.17 1.12%
polygon
Polygon (MATIC) $ 0.941630 0.91%
bittorrent
BitTorrent (BTT) $ 0.007317 2.01%
multi-collateral-dai
Dai (DAI) $ 1.00 0.04%
algorand
Algorand (ALGO) $ 1.54 3.63%
crypto-com-coin
Crypto.com Coin (CRO) $ 0.183682 6.25%
thorchain
THORChain (RUNE) $ 18.16 0.77%
dash
Dash (DASH) $ 422.31 9.21%
compound
Compound (COMP) $ 806.37 6.00%
kusama
Kusama (KSM) $ 452.41 1.77%
zcash
Zcash (ZEC) $ 310.82 3.28%
nem
NEM (XEM) $ 0.385025 4.89%
waves
Waves (WAVES) $ 32.58 7.56%