The performance of a crypto wallet with respect to how the users embrace the product goes a long way to put that crypto wallet in the global limelight especially when it is judged the best amongst equals. Recent years have seen major development in blockchain technology with most projects focusing on creating and integrating wallets, especially after such projects have implemented their Mainet protocols.
With blockchain technology and cryptocurrency, safety and efficiency are two of the most critical factors to consider when it comes to finance and financial intelligence.
What is a crypto wallet?
A cryptocurrency wallet is a device, physical medium, software, or a service that stores the public and/or private keys for cryptocurrency transactions.
In addition to this basic function of storing the keys, a cryptocurrency wallet more often also offers the functionality of encrypting and/or signing information.
There are several types of crypto wallets such as the hard wallet, soft wallet, paper wallet, centralized wallet, and decentralized wallet.
These wallets have transformed over the years as development companies have taken advantage of the global awareness about cryptocurrency to modify how these wallets work and are used.
Why do you need a crypto wallet?
There are several people out there who need some form of education regarding the use of a crypto wallet. As of July 2022, there are more than 150 million crypto wallet users worldwide, which is a very different number from the world’s population.
As a result, businesses involved in the development of crypto wallets have been able to take advantage of the gap and maximize their inherent potential.
Klever Wallet, however, is always exploring new types of products and services to meet the expectations and growing demands of its users.
In this way, we can offer the sought-after products and services in several categories, providing crypto solutions that are friendly without compromising our values.
What is the Klever 4 wallet?
The Klever wallet OS SDK is a Wallet as a Service (WaaS) product that provides any developer with military-grade encryption technologies, but the distinctive security feature is that the encryption takes place locally on the user’s device, in the Native Core.
Klever’s Native Core can be thought of as a Black Box inside Klever OS, and while it can communicate with the wallet system’s presentation or user interface element, it is isolated, making any attack or hacker effort against the wallet practically impossible.
Also, Klever does not save your personal information in a database. This implies you (the user) have complete ownership and control over your funds. This product has completely put the Klever brand on a pedestal of its own, entirely separating it from other players in the field of wallet creation and development.
Just to say that we don’t want to rest on our past performance, the Klever team has maintained its visionary goals of building on past successes to raise the standard of the crypto wallet products and services. Hence the preparation of the launch of the Klever Wallet (K5).
What is the Klever Wallet, K5?
The Klever team, in line with its outline vision from the whitepaper, proposed an upgrade to the Klever 4 wallet; this has given birth to what is currently functioning as the Klever Wallet, K5 (beta)
The wallet is loaded with most features of the K4 wallet but with several integrations which would give it a more robust experience for the users to explore and implement more of web3 features in a seamless way. The integration of the Unstoppable Domains (UD), which is a decentralized web domain name registration, would transform the way users can access the web and this is already available on the Klever Wallet (K5).
There is also the possibility of booking accommodation and flight tickets from the integration of the Travala web engine for users to use their wallets in a decentralized way to access these flights and hotels efficiently.
There is also a possibility to buy cryptocurrencies in a seamless manner from the intuitive Kl5 Wallet as this is considered as one of the easiest ways for users to buy cryptocurrencies.
It would involve the users buying their cryptocurrencies using the fiat system like their bank cards (debit and credit) to make payments directly on crypto wallet platforms.
The Klever team has perfected this method of buying crypto for users all over the world with the release of our new K5 wallet, which has demystified the process of buying cryptocurrencies for new and existing users in the crypto market.
Klever has added to its original partner Simplex, which is a fiat payment gateway for easy access to buy crypto, with other global partners in the crypto market like Banxa, Mercuryo, Moonpay in order to facilitate more access to users in regions where Simplex could not cover at a good transaction fee.
Finally, for this article, the users can also stake their tokens with the improved Klever staking model for tokens on the Klever Wallet, K5. This gives the users an opportunity to improve their level of financial freedom as they are involved in the staking of cryptocurrencies to earn passive income for their investment.
This indeed is a no brainer and by all standards the Klever wallet is one of the best wallets in the crypto space as it is today.