German Bitcoin mining company Northern Bitcoin on Friday opened pre-registration for its upcoming crypto wallet platform - wallace.cash.
The platform will only support Bitcoin and is expected to hit the market sometime in November.
The company is boasting the wallet's simplicity which might appeal the masses to dive into crypto without hassling with the complexity of the technology.
Commenting on the development, Moritz Jäger, chief technology officer of the company, said: “With our innovative e-wallet app Wallace and the slogan ‘Your First Bitcoin Wallet,’ we want to make the Bitcoin accessible to a broad public. Our objective has always been to provide a simple tool for the secure and easy receiving, storing and sending of Bitcoins. With Wallace, our developers have taken a big step to introduce Bitcoin to the broad public, who have not yet ventured into the subject.”
The platform will be mobile-based and will be supported on both Android and iOS devices.
“Wallace is being developed with a focus on the highest usability. It will include a proprietary application developed by Northern Bitcoin that allows users to determine the most convenient way to set transaction fees,” the announcement detailed.
Expanding services from core business
Launched in 2018, Northern Bitcoin is one of the crypto miners using sustainable methods for its activities. The firm operates mobile Bitcoin mining stations, most of which are installed in Norway, taking advantage of the cool climate of the region to cool down the devices.
Earlier this month, Finance Magnates reported that the German firm completed testing of a new air-cooled mining container housing 144 ASIC miners. This is the second such mobile mining station to be introduced by the company as it already deployed 21 40-foot water-cooled containers, each with 210 ASIC miners inside, at the Lefdal Mine Data Center in Norway.
In June, the company procured 4,475 ASIC miners from Cannan Creative and Bitmain to increase its mining arsenal.
