On July 28, the anonymity-centric digital currency project PIVX, which stands for Private Instant Verified Transaction, announced that it had launched an official mobile wallet for Android users.

The cryptocurrency PIVX provides instant private transactions and has a community-based governance model, which is why the project, as well as the currency, managed to gain popularity so quickly in spring 2017. PIVX caught the Bitcoin community’s attention after rallying from $0.04 on March 1, to hit $2.04 on April 16, generating a 5000 percent return in less than two months for its holders and reaching a market capitalization of over $100 million.

The new much-anticipated PIVX mobile wallet for Android allows users to securely store, send and receive PIVX using their smartphones. The mobile wallet is a lightweight client that enhances user’s financial privacy by not requiring users to create an account linked to their identity. Alos, the wallet’s private key is stored locally. Furthermore, it is a Hierarchical Deterministic (HD) wallet and comes with an easy-to-use backup and restore functionality so funds cannot easily be lost.

The mobile wallet is still in beta mode, and the community has already provided feedback to the developers about bugs and how to improve the application. Nonetheless, the mobile wallet has been very positively received by PIVX’s vibrant community who are now able to use their cryptocurrency while on the go.

Elisha Owusu Akyaw, a member of the PIVX Marketing Team, told BTCManager about the launch of the new Android app:

“The mobile wallet has been well received by the PIVX community as this marks an important milestone in the efforts by the team to increase the adoption of the private and instant currency. With the mobile wallet users who do not have access to computers or prefer mobile phones can be their own banks, helping us reach a different section of users.”

On the future of the PIVX mobile wallet, he added: “PIVX will continue to update and improve the mobile wallet with plans to make it available on the iOS platform. A Point of Sale (POS) application for mobile devices is also being worked on, which will allow merchants to receive payments in a secure and quick manner with lower transaction fees compared to other cryptocurrencies.”

PIVX’s developers have been able to stick to their roadmap and have continued to improve PIVX’s features as well as its ecosystem. The likely continuance of this will bode well for both the project and the price development of PIVX.

Source and More information: PIVX Launches New Mobile Wallet for Android

Author: BTCManager.com