Cheetah Mobile Present Their SafeWallet

Cheetah Mobile Present Their SafeWallet

The cryptocurrency world is growing rapidly and the rise in interest from non-crypto companies is substantial. The most recent company that is ready to step on board is Cheetah Mobile. The Chinese company that usually develops mobile apps announced its plan to create a cryptocurrency wallet.

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The cryptocurrency world is growing rapidly and the rise in interest from non-crypto companies is substantial. The most recent company that is ready to step on board is Cheetah Mobile. The Chinese company that usually develops mobile apps announced its plan to create a cryptocurrency wallet.

At the moment their product SafeWallet is available only for Android-powered devices but the company guarantees that an iOS version would be launched at a later stage. The wallet app is designed to be super user-friendly so customers can quickly move digital assets among platforms.

The cool thing is that you can create multiple wallets inside the app, move, store and transact digital assets in and out of the application and even import wallets, Similarly to other newcomers to the community, SafeWallet supports the two most common crypto assets – Ethereum and Bitcoin. In the near future, more cryptocurrencies should become available, according to the developers.

The company Cheetah Mobile takes security measures very seriously and it has implemented three-tiered security defense mechanisms in SafeWallet. The defense mechanism protects the three crucial areas of phone security, user behavior, and asset management. The company states this should maximize the overall security of its users so their assets do not get lost or stolen.

Cheetah Mobile warned users that SafeWallet does not settle transactions on their behalf nor does it have access to private keys. The firm’s SVP, Edward Sun emphasized that his company had always been on the forefront of digital technologies and will continue to be there. Moreover, Cheetah Mobile is motivated to constantly improve the security of their apps.

One of its security apps that are currently available is Clean Master and Security Master. The number of daily users of those apps is surpassing the 100 million mark.

It is not surprising that many companies are interested in the crypto market. Security measures have been easily overcome by hackers and if Cheetah Mobile manages to create a protected app it has the chance to build a solid name in the otherwise volatile industry.

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