OKCoin Superwallet Outlines New Blueprint for Bitcoin Industry
OKCoin, the largest Chinese yuan (CNY) bitcoin exchange by volume, has announced the launch of an ambitious new wallet product it hopes will encourage the wider industry to rethink its attempts to reach mainstream consumers. Dubbed the first 'Superwallet', the OKLink desktop wallet, currently in beta, promises to combine the best of both fiat mobile wallets and traditional bitcoin wallets. In effect, the Superwallet will allow users to spend BTC, CNY or US dollars at bitcoin-accepting merchants, converting fiat currency to bitcoin only at the point of sale as a means of transmitting the....
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When it comes to Bitcoin adoption and awareness, most of the money is flowing in through Chinese Bitcoin exchanges. Several major players, such as BTCChina, OKCoin and Huobi, are coming up with various tools and features to give them a competitive edge. And it is OKCoin who has come up with the very first Superwallet, a tool that gives mainstream consumers access to Bitcoin technology in the native currencies, starting with CNY. OKCoin’s Superwallet. Everyday consumers have a hard time wrapping their head around the Bitcoin technology due to the fairly steep learning curve involved in....
One of the largest CNY bitcoin exchange companies, OKCoin, announced its plans to revolutionize the cryptocurrency industry with its new feature 'Superwallet' feature. This desktop wallet, which is currently in beta, will allow users to choose from CNY, USD, or BTC to spend at bitcoin-accepting merchants and make the conversion only at the point-of-sale. According to its owners, this move by the bitcoin exchange can combine the features of both traditional fiat wallets and online bitcoin wallets. The conversion to fiat value will come at no additional cost to the user during payment and....
OKCoin's new superwallet allows bitcoin as a background method of money transfers not only across borders, but across currencies as well. Jack Liu, head of international at OKCoin, recently discussed bitcoin in China and as an alternative payment system in an interview with Bloomberg Business. Liu referred to the dramatic price crash of bitcoin in 2013 as a good thing, because it forced developers and entrepreneurs to think of creative applications of bitcoin and its underlying blockchain technology instead of focusing uniquely on the price of bitcoin. As a result, there are now large....
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