Categories: CryptoNews

KeepKey Hardware Wallet Adds Multicurrency and ShapeShift Support

KeepKey is one of the handful of popular hardware Bitcoin wallet providers in the world today. Companies like these have to keep evolving and meet customer demand at all times. Integrating support for multiple currencies seems to be a logical step. At the same time, KeepKey also integrated Shapeshift, allowing for quick conversions between supported cryptocurrencies.

A Big Step Forward For The KeepKey Team

The partnership between KeepKey and ShapeShift was announced quite some time ago. Wallet providers are always looking for ways to increase their presence in the cryptocurrency world. There is no reason anyone should limit themselves just to Bitcoin, as there are successful alternative currencies in existence.

Being able to exchange between supported cryptocurrencies on the KeepKey was a feature tested in beta for quite some time. Collecting valuable feedback and ironing out any lingering bugs is of the utmost importance. The new and updated firmware has been made available to KeepKey users all over the world late last night.

But there are some other interesting changes as well. The Chrome extension for this hardware wallet will now support Bitcoin, Litecoin, and Dogecoin. An exciting addition, albeit neither of these currencies, is seeing significant market traction right now. Then again, there seems to be a demand for this feature, and time will tell if it was worth the effort.



Related Post

Transaction signing on the software end has also been improved. So much even that everything should run nearly five times as fast. Typical transactions will not benefit from this speed improvement, but large transactions will be processed a lot quicker. An excellent change either way, as it makes the user experience better.

All in all, the hardware cryptocurrency wallet ecosystem is thriving. KeepKey, Ledger, TREZOR, and others are doing quite well as of late. Additionally, this new wave of supporting alternative currencies could prove to be the smart decision. After all, if the hardware is solid, the software can be expanded upon quite quickly.

Image credit 1

If you liked this article follow us on Twitter @themerklenews and make sure to subscribe to our newsletter to receive the latest bitcoin and altcoin price analysis and the latest cryptocurrency news.

JP Buntinx

JP Buntinx is a FinTech and Bitcoin enthusiast living in Belgium. His passion for finance and technology made him one of the world's leading freelance Bitcoin writers, and he aims to achieve the same level of respect in the FinTech sector.

Share
Published by
JP Buntinx

Recent Posts

Zora Officially Launches Its Revolutionary “Attention Market” On Solana In A Bold Multichain Expansion

Zora has officially launched its new “attention market” on the Solana blockchain, marking a bold…

23 hours ago

XRP Ledger Activates Permissioned DEX With XLS-81 As Institutional Trading Model Emerges

The XRP Ledger has introduced a new on-chain trading framework that signals a notable shift…

23 hours ago

Grayscale Launches First U.S. Sui Staking ETF As Institutional Access Expands

A new milestone in the evolution of crypto investment products is set to unfold as…

23 hours ago

Polygon Surpasses Ethereum In Daily Fees As Activity Surge Signals Historic Shift

A major milestone is unfolding in the blockchain economy as Polygon records a historic “flippening”…

2 days ago

85% Of 2025 Token Launches Now Trade Below Listing Price As Venture Capital Influence Weakens Across Crypto Markets

Fresh data shared by The DeFi Edge highlights a brutal reality for this year’s token…

2 days ago

Strategy Expands Its Massive Bitcoin Treasury With Another $168.4 Million Purchase As Total Holdings Climb Above 717,000 BTC

Strategy has once again strengthened its Bitcoin position, announcing the acquisition of 2,486 BTC for…

2 days ago