MyEtherWallet enables users to instantly purchase Ether with fiat ๐จ This article is 5 years old...
MyEtherWallet enables users to instantly purchase Ether with fiat
2 min read
Updated: Dec. 20, 2020 at 3:09 pm UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
MyEtherWallet, an open-source interface for Ethereum wallets, has announced the launch of its mobile application. In a press release shared with CryptoSlate, the company said that its newly-established partnership with money transfer service Wyre will enable its users to purchase ETH directly through the app with their debit cards.
Popular Ethereum wallet launches mobile app
MyEtherWallet, one of the most popular Ethereum wallets in the market, has just launched a brand new mobile wallet application MEW Wallet. In a press release shared with CryptoSlate, the company said that the app will offer a fast and easy onboarding experience for the millions of people around the world that rely primarily on smartphones.
โThe MEW mobile app makes Ethereum accessible to everyone, even total beginners. You get access to all the features that MEW has to offer via an intuitive and inviting interface while being in full control of your funds,โ said Alex Komarov, the Director of Mobile at MyEtherWallet.
The MEW mobile wallet offers a significant upgrade in functionality from MEWโs previously released iOS and Android app, MEWconnect. The earlier versions enabled users to interact with the Ethereum blockchain only by connecting to the MyEtherWallet website. MEWโs new mobile app will enable access to all advanced features offered by the company, such as integrated DApps and smart contract integration.
MEW introduces easier fiat onboarding
However, the most important update MyEtherWalletโs new app has gotten is a much faster and much easier fiat onboarding process.
The company partnered with money transfer provider Wyre in order to enable users to purchase ether (ETH) directly through the app. Users that choose debit card payments will benefit from a relatively low 3.99% commission, while customers based in the U.S. will be able to integrate ApplePay into their MEW accounts. This, the company claims, is one of the fastest ways to buy ETH, with the entire process lasting just under 15 seconds.
Jack Knutson, Wyreโs growth lead, said that the company was beyond excited to be a part of MyEtherWalletโs core offering:
โWe share a very similar outlook for the crypto space and belief in what’s going to be important in the near future. Mobile is taking over and will be the foundation of wallets and payments going forward.โ
In addition to the ability to almost instantly purchase ETH with fiat, the new MEW mobile wallet will enable users to buy and manage all ERC-20 tokens using multiple accounts. This will provide access to decentralized finance to everyone, regardless of their location or financial status, the company said in the release.
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Ethereum is a decentralized, open-source blockchain platform that enables the creation of smart contracts and decentralized applications (DApps).
MyEtherWallet.com is an open source, javascript, client-side tool for generating Ethererum wallets & sending transactions.