Friday, October 22, 2021
Home News Lykke To Support ERC20 Tokens In Latest Lykke Wallet Release

Lykke To Support ERC20 Tokens In Latest Lykke Wallet Release

Lykke, a Swiss FinTech company building a global marketplace on the blockchain, today announced that the update to the Lykke Wallet mobile application supports ERC20 tokens.

ERC20 is a standard for highly programmable digital tokens, or “smart contracts.” Introduced by Ethereum in 2015, ERC20 has since become the predominant ICO technology.

Members of the Lykke community will be able to use their Lykke Wallet to store ERC20 tokens.

“We are pleased to bring ERC20 support to our passionate user base,” said Richard Olsen, Lykke founder and CEO. “When we first developed the Lykke Wallet, we wanted to make it the only digital wallet that anyone would ever need. With storage for the most popular token types and more to come, I’d say we’re off to a great start. And adding ERC20 brings us even closer to our goal.”

While the Lykke Exchange does not yet permit the direct trading of ERC20 tokens, community members may acquire these tokens in an ICO or purchase them on any participating exchange and then store them safely in their private wallet for future trades or simply as investment.

The Lykke Wallet even advises prospective ERC20 traders and investors on the optimal transfer commission for any given Ethereum operation, including peer-to-peer transactions and token acquisitions. This new feature reduces the risk of cancelled Ethereum transactions.

The updated Lykke Wallet app is available for free download from the Apple App Store and the Google Play Store.

Lykke is building a secure global marketplace for the exchange of all financial assets. Founded by Richard Olsen of OANDA.com, and encouraging participation from all users, the Lykke Exchange levels the financial playing field through direct ownership of assets and immediate settlement of trades.

For more information, visit lykke.com.

Richard Kasteleinhttps://www.the-blockchain.com
In his 20s, he sailed around the world on small yachts and wrote a series of travel articles called, 'The Hitchhiker's Guide to the Seas' travelling by hitching rides on yachts (1989) in major travel and yachting publications. He currently lives in Groningen, the Netherlands where he has set down his anchor to raise a family and write. Founder and publisher of industry publication Blockchain News (EST 2015) and director of education company Blockchain Partners (Oracle Partner) – Vancouver native Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He has written over 2500 articles on Blockchain technology and startups at Blockchain News and has also published in Harvard Business Review, Venturebeat, Wired, The Guardian and a number of other publications. Kastelein has an Honorary Ph.D. and is Chair Professor of Blockchain at China's first blockchain University in Nanchang at the Jiangxi Ahead Institute software and Technology. He has over a half a decade experience judging and rewarding some 1000+ innovation projects as an EU expert for the European Commission's SME Instrument programme as a startup assessor and as a startup judge for the UK government's Innovate UK division. Kastelein has spoken (keynotes & panels) on Blockchain technology at over 50 events in 30+ cities.
- Advertisment -

Most Popular

Latest News