With the rate at which Cryptocurrency is moving towards mainstream adoption, several companies continue to introduce crypto coins into their gateway payments. The latest tale in the crypto space disclosed the exploration of Dash (DASH) & Litecoin (LTC) by a leading cryptocurrency services provider company.
Coming from the Singaporean company, Ethos that aims at bridging the gap between blockchain and existing financial institutions, is a news that it is testing the duo for integration on its universal wallet.
According to a Press Release issued out by the firm, it was noted that coins or blockchains will have to undergo vetting process before introducing them into the wallet. The criteria which will be used in the selection process includes liquidity of the network, quality of the token, complexity of integration and market cap, among others.
After been scrutinized, the team will initiate a node, wrap it and integrate it with Bedrock. Then an extensive internal testing will take place before heading for the beta stage where the Cryptocurrency is ready for deployment on Ethos Universal Wallet.
The report further indicated that the first coins to be integrated into the Universal Wallet are Litecoin (LTC) and Dash (DASH). At the moment, the duo testing is right around the corner as it is 95% complete.
The Ethos Universal Wallet which is decentralized grants users the opportunity to securely keep their crypto assets easily for free with a private SmartKeys that safeguard personal digital vaults.
The company specified that it is happy with the new development which will see the linking of Litecoin (LTC), Dash (DASH) and Ethos communities together.
Ethos said in recent times, big things have been happening to the company and its community, and more developments are expecting in the nearest future.