Jun 17, 2021 • 2 min read

Bitcoin Is Now Available In Maiar, The Fastest Gateway Into The Internet Of Money

Beniamin Mincu
Beniamin Mincu
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Bitcoin is the original manifestation of the concept of internet currency. Its breakthrough property of maintaining a truly decentralized ledger of cryptographically secured transactions has forever changed how we think about money and value.

Thanks to unbreakable security and no central authority, Bitcoin was able to capture the imagination of millions of people around the world and overperform traditional assets constantly for over a decade.

It has gain widespread adoption, transcending cipher-punk culture to make its way on the balance sheets of financial institutions or companies such as Tesla, and even as legal tender in the country of El Salvador.

However, in spite of its increasing popularity, owning Bitcoin in a truly decentralized and non-custodial manner has not gotten any easier. The process of generating and safeguarding a Bitcoin wallet is still too complex for the average internet user.

Newcomers prefer to use custodial solutions, which means they entrust the storage of their holdings to third parties, a contradiction to the original vision of a truly decentralized internet currency.

This is why we are excited to announce that Bitcoin is now available in Maiar! The next billion people that will get into Bitcoin and other cryptocurrencies will be able to do so in seconds, using just a phone.

“Bitcoin has carved a path for highly secure cryptocurrencies with strong store of value properties to become accepted in traditional finance, irrevocably establishing the digital asset class. Its addition to Maiar will accelerate the adoption of our money app and the underlying Elrond blockchain infrastructure.” said Beniamin Mincu, Elrond Network CEO.

Existing Maiar users will have the pleasure of discovering that they have always had a Bitcoin address attached to their @herotag. It has been part of the onboarding process, when a newly created account gets four new wallets in one go: EGLD, BTC, ETH and BNB.

From now on, everyone is able to send, receive and store BTC in a biometrically secured hardware wallet - their Maiar smartphones. Perhaps even more exciting is the fact that new users can get a working Bitcoin and eGold wallet in a few seconds, with just a phone.

The intuitive simplicity of Maiar will complement Bitcoin’s growing popularity to accelerate growth and bring a massive influx of new users into the Elrond ecosystem.