What Makes The UberPay Wallet Solution So Popular?

Over the past few weeks, there has been quite a lot of attention on the UberPay wallet solution, which offers support for digital types of digital currency. Offering such functionality without security compromises is of the utmost importance, and so far, the digital currency community seems to be enjoying UberPay quite a lot. However, there is no multisig support yet, and 2FA is not possible. So what is it that people like about this wallet solution so much?

Also read: Bitcoin Is An Ally For Australian Banks To Boycott Apple Pay

UberPay Is Quite Powerful Despite Lacking Features

TheMerkle_Uberpay Bitcoin

The main objective of any digital currency wallet is being in control of funds and private keys associated with all wallet addresses at any given time. UberPay provides users with exactly that type of functionality while making the management of various digital currencies more convenient for users.

Speaking of managing different digital currencies with uberPay, the wallet solution supports various digital currencies in existence right now, including Bitcoin, DASH, Litecoin, and Nubits.  Having access to one’s entire digital currency portfolio in one and the same application ecosystem is a lot easier for both novice and experienced users.

In the security side of things, the UberPay developers make sure the private keys associated with the user’s wallets will never leave the device. Moreover, the application uses one master key for its Multicoin Wallets service. Plus, there is a significant focus on protecting user privacy as well, as UberPay does not require sensitive user information to make use of this application.

The user comments on CryptoCompare are quite positive as well so far:

“Being new to the whole “crypto-currency” market, it’s been daunting to say the least. But, I’ve now experimented with UberPay and found it to be very simple and straightforward. This is exactly what the crypto-currency market needs to attract a wider audience. I actually operate in the music business which, to this point, has completely lacked transparency. Though I’m still learning, I believe UberPay could very well be the tool that could change that!”

By the look of things, this decentralized Bitcoin Electrum wallet is attracting a lot of attention, and rightfully so. CryptoCompare has a lot of positive reviews about this application, which is available for Android, iOS, and desktop users. Adding a few more security features and additional coins will help turn UberPay into a very versatile multi-currency wallet solution.

Website: UberPay

Images credit 1,2

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.

No Responses

  1. Pingback: shroomies gummies August 26, 2023
  2. Pingback: vegas scooters December 10, 2023
  3. Pingback: Marketplace affiliate February 28, 2024
  4. Pingback: ทีเด็ดฟุตบอล March 17, 2024