The Chinese tech giant Cheetah Mobile has announced this week it just launched a new multi-cryptocurrency wallet that stores bitcoin core (BTC) and ethereum (ETH). The firm’s ‘Safewallet’ features a three-tiered security defense system with an intuitive interface.
Cheetah Mobile Introduces BTC/ETH Compatible Wallet
Cheetah Mobile is a mobile internet provider and application producer based out of Beijing China. The company is the creator of some of the world’s most popular mobile applications and as of January 2017, the company boasts 634 million monthly users. The firm’s cryptocurrency wallet platform will hold BTC and ETH using a three-tiered security system that monitors user behavior, phone security, and asset management.
“The app allows users to easily and safely send and receive assets, create and manage multiple wallets, and import wallets in a variety of formats,” Cheetah Mobile explains.
Safewallet has no access to your private key and may not, under any circumstance, initiate a transaction using your private key on your behalf.
Cheetah Thinks the Company Will Have a Strong Impact on the Crypto-Environment
The company also details that the new offering uses an “optimized transaction fee algorithm to reduce transaction fees and confirmation times.” Cheetah Mobile says the team of developers who created Safewallet has provided security services for millions of users who utilize apps like Clean Master and Security Master.
“Cheetah Mobile’s move into the blockchain industry represents a significant moment for our company,” said Edward Sun, SVP of Cheetah Mobile during the launch.
Similar to our AI strategy, we are committed to staying at the forefront of the latest technological trends, and mobile asset security is an area that we believe we can have a strong impact.
Another unique feature within the Smartwallet interface is the ‘safety keyboard’ which protects from key-logging and data breaches. Smartwallet is currently available for Android users via the Google Play store and Cheetah Mobile says iOS is on its way. Additionally, the company says the wallet will support ERC-20 tokens and other cryptocurrencies in the near future.
What do you think about Cheetah Mobile’s cryptocurrency wallet? Let us know in the comments below.
Images via Shutterstock, Cheetah Mobile, and Smartwallet.
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