Infinito Wallet, a fintech startup headquartered in the Isle of Man, UK, has recently added support for NEO and NEP5 Tokens.
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Thanks to this feature, NEO holders can now store not only NEO and NEP5 tokens like GAS, ONT, THEKEY and others, but also BTC, BCH, LTC, DASH, DOGE, ETH, and thousands of ERC20 tokens.
All NEP-5 tokens
Recently, Infinito Wallet has been able to store, send, and receive all NEP-5 tokens. It is also working to include support of new NEO-based projects such as Aphelion, Trinity, Qlink, THEKEY and future NEP-5 tokens.
According to the company, Infinito Wallet is the first and only wallet that can use a single passphrase for all ERC20 and NEP-5 tokens.
NEO, formerly Antshares, is sometimes referred to as the “Ethereum of China”. Its main goal is to be the distributed network for the “smart economy”.
It has the NEO and GAS cryptocurrencies associated with it. Much like Ethereum, it allows for building of decentralized applications (Dapps) thanks to its smart contracts. Unlike Bitcoin and Ethereum which value anonymity, NEO puts emphasis on identity verifications and compliance.
NEO was built by Chinese blockchain entrepreneur Da Hongfei and is said to be supported by the Chinese government as its stance on cryptocurrencies evolves.
It incorporates a number of tokens with different functionalities including GAS, ONT, RPX, ZPT, DBC, QLC and others.
The Infinito Wallet allows users to store, send and receive multiple currencies and tokens. It supports leading transactional cryptocurrencies, such as Bitcoin, Bitcoin Cash, Litecoin, Ethereum, Dash, Neo, and Dogecoin. It also enables access to leading smart contract blockchain tokens such as ETH, ERC20, NEO NEP-5, and more to come on its roadmap. In June 2018, it plans to add support for EOS.
Currencies in the wallet have a specific private key for setting up new wallets, sending or receiving funds protected by an in-app encryption mechanism. In addition, it requires fingerprint identification to unlock the wallet app. In case a user password is compromised, the app protects owners in terms of decisions about sending and storing funds.
Users who need to store, transfer and use cryptocurrencies across different applications, platforms, and services can take advantage of a wallet connection feature. Remembering and copying multiple addresses for fund transfer takes time and increases the risk of mistakes. The feature removes manual work and enables users to transfer coins from Infinito Wallet to a range of third-party platforms including different exchanges, Dapps, and various blockchain services, the company says.
Infinito Wallet has launched a feature helping users participate in partner ICOs. Thanks to a special ICO tab, investors are protected from fraudulent ICOs. They can access official ICO information and directions on how to send funds to a given ICO company.
To protect investors from illegitimate ICOs, the wallet app has partnered with a number of selected ICO companies. Users can scan a special QR code on a given ICO website which imports the respective token into their dashboard with a Verisign mark. This indicates that the token and its smart contract are officially verified and belong to the given ICO company. This is also meant to simplify the complex process of adding a customized token to a wallet.
Infinito Wallet launched in December 2017 and by the end of 2018 it plans to expand its partnership network to integrate additional features and services including crypto exchanges, identification and know your customer (KYC) solutions, and other blockchain-related business services. It also plans to publish its source code online.
Infinito Wallet, registered in the Isle of Man, says its sole objective is to become the world’s market-leading crypto wallet. The company now boasts a team of more than 180 in-house blockchain developers, marketers, researchers and strategic planners.