Cryptocurrency News

Ambire Wallet Adds Support for the Moonbeam Network

By March 21, 2022 No Comments

Key takeaways:

  • DeFi-focused Ambire Wallet has added support for the Moonbeam Network
  • Ambire Wallet is one of the more user-friendly and feature-packed products in the DeFi space

Moonbeam integration unlocks new DeFi use cases for Ambire users

Ambire Wallet is the first open-source, non-custodial crypto wallet with e-mail authentication. Delivering a highly accessible UX and a secure, audited tech, the wallet is packed with features that are about to set new industry standards for usability. Highlights of these standards include hassle-free on-boarding, automatic transaction fee management, built-in ability to swap assets, and hardware wallet support.

After its start-up in 2020, Ambire is growing quickly with the addition of support for the Moonbeam Network. Users will now be able to use Ambire to send transactions and use native Moonbeam DeFi protocols.

Moonbeam is not a direct code fork of Ethereum node software. Instead, it is an underlayer chain that emulates Ethereum features and its communication protocol. Moonbeam has additional features such as integrated governance, cross-chain integration and staking. dApp developers can deploy on Moonbeam just as they would on other Ethereum Virtual Machine (EVM) chains, using the same tooling and code.

Moonbeam makes it easy to build decentralized applications on Polkadot. Explained more clearly, this means your dApps can integrate with other blockchains, including Bitcoin and Ethereum. After years of development, the Polkadot network moved toward its first EVM compatible smart contract protocol with the launch of Moonbeam.

The platform is designed to make it easy to use Ethereum developer tools. With Moonbeam smart contracts and compatibility with the Ethereum developer toolset, you can build applications that work with users and assets on remote chains, either through Polkadot compatibility or bridge-based integrations.

Easy to use interface drives Ambire Wallet’s user growth

Ambire Wallet has a staff of ambitious developers. They designed it to ensure usability to anyone from the absolute beginner in crypto to the degens (people who buy crypto without doing their own research). Newcomers enjoy the quick and familiar sign-up process with e-mail and password. They can then migrate to a hardware wallet later without having to move funds/positions.

Another huge plus is the protection of crypto assets and skipping the learning curve of DeFi protocols and tools. Ambire Wallet is the crypto user’s dream. It offers multi-chain support, ability to batch transactions, ability to pay gas fees in stablecoins, dApps connection via Ledger, Trezor, and Wallet Connect. These are features that will restructure the way we think about crypto tools. The Ambire Wallet team explains:

“Ambire Wallet is the only wallet that lets you sign up within 30 seconds, without installing a browser extension or writing down a seed phrase. You can top it up with a credit card and then interact with Uniswap or any other dApp within minutes. It completely flattens the crypto learning curve.”

Ambire was first launched in 2020 and today has more than 16,000 registered publishers and advertisers. With more funding due to successful growth, the team is now shifting focus to their new product – a DeFi focused smart wallet that opens the doors to cryptocurrency and DeFi to anyone easily and securely.

The company will soon offer a crypto-enabled debit card. The Ambire debit card will allow users the ability to purchase crypto with fiat and easily spend their assets for everyday transactions.

If all this were not enough, Ambire is also adding Moonriver. Moonriver is a companion network to Moonbeam. New code ships to Moonriver first, where it can be tested and verified under real economic conditions. Once proven, the same code ships to Moonbeam on Polkadot.

Note: Ambire Wallet is a browser-based crypto wallet application. You can send funds from an address or a wallet or you can easily buy crypto via debit card or bank transfer.