Rahakott is working on integrating altcoins, such as Bitcoin Cash, Litecoin, Monero, and Dash, into its wallet. Mobile apps for Android and iOS are also being actively developed.
The cryptocurrency wallet Rahakott was launched four months ago. This is a cryptocurrency wallet that anyone can use to send or receive digital currency in Bitcoin, as well as monitor their balance.
Rahakott operates successfully on the basis of three fundamental principles: Functionality, Simplicity, and Safety.
Despite a large amount of work already done, the development team is not resting on its laurels and continues to make improvements in all three areas.
Functionality
Altcoins are now as big in the crypto market as Bitcoin, as evidenced by some of their growth rates. Meanwhile, a large number of separate wallets results in confusion and inconvenient use. This why Rahakott’s developers are currently working on integrating altcoins like Bitcoin Cash, Litecoin, Monero, and Dash.
Simplicity
These days services are designed to be as user-friendly as possible so that even a newbie can figure out how to sign up and send or receive digital funds. The first step toward simplifying the user’s life was introducing the mnemonic phrase; the account is protected through two-factor authentication. An email is not required for registration. In addition, the batch address generation feature simplifies the process to receive transfers.
The next step is to integrate the system into mobile devices. Right now, mobile apps for Android and iOS are being actively developed. Once the work is complete, users will have access to their wallets right from their phones.
Safety
In four months of operation, no break-in attempts were detected. However, the service is regularly being scanned. We should note that the Rahakott service underwent penetration testing by well-known security companies. No faults were found.
As of now, over a thousand users have chosen the Rahakott wallet. According to Akke Svenson, Rahakott.io cryptocurrency wallet founder, the sharp fall in the cryptocurrency market has not affected the frequency of wallet use, and the number of transactions is gradually rising.
PROJECT TEAM
Akke Svenson, Rahakott.io cryptocurrency wallet founder
Entrepreneur, IT specialist, blockchain enthusiast. Graduated from the Royal Institute of Technology in Sweden and Stanford University in the US. He began his career at Ericsson, then worked on developing services for financial companies in Europe. For a few years, he served as CTO at a Silicon Valley fintech startup. After that, he returned to Sweden and founded his own company, specializing in IT consulting. He became interested in blockchain in 2013, believing that modern technology will help build new economic relationships in the world.
Maksim Shreyder, Rahakott.io cryptocurrency wallet cofounder
IT expert. Graduated from the Moscow Institute of Physics and Technology and the University of London. He began his career as a programmer, developed projects in the e-commerce sector, and headed IT departments at Russian and English companies. In 2015 he became interested in cryptocurrencies and mining.
Website: Rahakott.io
