December 11, 2017 | By Bl4nkcode
C3C.Network Banner - Bl4nkcode
bitflip Banner - Bl4nkcode
Sponsored Link: Traxion Makes Finance Fair and Accessible for All - Ongoing Presale!

Most people will acknowledge that Ethereum is a valuable addition to cryptocurrency and Blockchain world. Although the system is not complete without its flaws, meaningful progress has been made over the past two years. Despite, when it comes to Ethereum wallets, there are still some works to be done. Jibrel Network, a Swiss company, registered in Zug, is developing its jWallet, a product whose functionality continues beyond storing cryptocurrencies.


JWALLET COMBINES CRYPTOCURRENCY AND TRADITIONAL INVESTING

While countless wallets support for multiple cryptocurrencies already, they aren’t suited for much more than that. A lot of users want convenience more than anything else. This means they are less willing to obtain a cryptocurrency wallet in addition to a different solution for more traditional investments. The Jibrel Network believes that now is a good time to connect the gap between both worlds. As a result, its jWallet product supports not only cryptocurrencies and digital tokens, but also bonds, commodities, and equities.


The jWallet is still mainly created to store Ethereum and Ethereum-related forms of money (ERC-20). It is deserving that this company has built its wallet, especially after it raised US$3 million to do exactly that. Some of its investors including Arabian Chain, the TaaS Fund, and Aurora Partners. Developing a brand-new robust Ethereum wallet from scratch is no easy feat. Furthermore, given the recent issues concerning scams, phishing sites, and Parity, it is clear to the understanding that there is a need for better solutions.


For now, the jWallet’s alpha version supports the storage, conversion, and transfer of ERC20 tokens. The firm stores no user data and it does not get a copy of one’s wallet’s private keys either. Everything is collected locally, which should put a lot of people’s minds at ease. Without any need to sacrifice security or convenience, the jWallet is a pretty impressive creature. The team does encourage people to run it locally, though, or even to use its mobile application, which is also in alpha right now.


It is tolerably exciting to see support for fiat currencies in jWallet as well – or more precisely, tokens created by the Jibrel Network itself. Six different fiat currencies are supported: USD, EUR, AED, CNY, RUB, and GBP. It seems that these tokens are designed to compete with Tether, although there are few specifics available regarding how these assets are backed. The logical interpretation is that users will convert these fiat-pegged tokens for actual money, though it remains to be seen how that will exactly work.


Perhaps the most exciting feature of jWallet is support for bonds, commodities, and equities. Recognizing that all of this will be stored in a digital form on the Ethereum Blockchain, it seems that the team will have a lot of “conversion” work to do. It is unclear whether they are addressing about traditional bonds or new products to be issued on top of Ethereum directly. Assuming it is the former, there will a need to be an official conversion process to convert bonds into digital assets of some kind. We will hopefully find out more about this in the future.


For this time around, jWallet is available to the public already. Anyone looking for a different sort of Ethereum and ERC-20 wallet can give it a try, although everyone has to keep in mind that the software is still in the alpha stage of its development. Issues may happen, and it is not advisable to store sufficient money in this wallet until the team releases a stable version of the wallet. The competition is heating up in the Ethereum wallet department, which can only be considered to be a good thing. 


Tutellus Banner - Bl4nkcode
Cereal Banner - Bl4nkcode

All information is meant for informational purposes only. Bl4nkcode does not provide any investment, legal or financial advices. Readers should do their own research before investing funds in any company/service/organizations mentioned.

Sponsored Link: TradeFred Trade over 150 of the most popular assets, with reliable execution and expert customer support! - Register here!

Press Releases - Bl4nkcode.info Press Releases

C3C Launches ICO Early After Outstanding Presale Performance
The C3C token’s initial coin offering goes live today after a superlative pre-sale which saw the soft cap target exceeded by over 75%. As a result of the pre-sale...
The first phase of the KitToken ICO underway after successful pre-sale
KitToken seeks to provide a sustainable financial ecosystem that is based on blockchain technology. The platform will use value transfer protocols to facilitate the...
The variation of Wall Street and Amazon - WRXCoin
Wxrally is a blockchain factory as well as blockchain technology alliance. The pre-Wxrally projects are divided into two categories and three projects in total...
Alternate ways of Crowdfunding in the Crypto space
When you talk of cryptocurrency and Crowdfunding, the first concept that comes to mind is the Initial Coin Offering, the ICO. The ICO has become a renowned...
ENDO Protocol ENDO Protocol
Certified Data Verification Protocol
Tutellus Tutellus
Tutellus is the biggest online educational collaborative platform in the Spanish-speaking world
C3C.Network C3C.Network
A revolutionary protocol for replacing the advertising-driven business model of online media by directly connecting creators, consumers and advertisers.
Bl4nkcode Telegram Channel