Lykke Wallet for the Blockchain-Powered Exchange is Now on Android
Lykke today announced the release of the Lykke Wallet for Android. The wallet joins its iOS counterpart, released in June, as a key element of the Lykke trading ecosystem. Led by Richard Olsen, a co-founder of OANDA, one of the world’s most successful FX trading platforms, Lykke is a radically new approach to trading digital currencies and assets. Android users will find Lykke’s unique combination of a central price matching engine with cryptocurrencies held in the customer’s wallets. Unlike other well-known exchanges, if the Lykke exchange is hacked, clients can’t lose their money, because the exchange stores no customer assets.
“We are grateful to the first Lykke Wallet iOS app users for their valuable feedback that helps us to improve the trading platform,” says Olsen. “Android users will find all the popular features we have introduced to the Lykke Wallet: real-time quotes, charts, ease of use, and of course settlement in minutes on the Bitcoin blockchain, all with no commission fees, ever.” Mobile users can even purchase dollars, euros, Swiss francs, pounds, and yen today, and store them using cryptographic keys the same way they store Bitcoins.
The sign-up process is easy. Use your smart-phone camera to take pictures of yourself and your documents, and you’ll be trading the same day. Using multisig technology, the Lykke exchange ensures that all transactions are safe. Other Lykke Wallet features include:
Tracking asset prices in real time
Checking balances, transaction history, and blockchain details for all your transactions at a glance
Move your assets to any bitcoin wallet, any time
Depositing and withdrawing bitcoins via QR code with no fees
Remotely disabling access if your phone is lost or stolen
Lykke was founded in Zurich by Richard Olsen and received initial seed funding in 2015. In May 2016, Lykke closed a second seed round. The company plans an ICO (Initial Coin Offering) in September.