Dether Joins FIO as an Affiliate Member

We are thrilled to announce that we have joined FIO, the Foundation for Interwallet Operability, as an affiliate member, joining Trust Wallet, ShapeShift, Enjin, and others in improving cryptocurrency wallet usability.

The benefits of crypto, without a complicated UX

At Dether, we’re committed to increasing cryptocurrency adoption by making it easy to buy and sell cryptocurrency without a bank account. With Dether, individuals can buy and sell ether and a variety of ERC20 tokens for cash in 140 countries, with just a mobile phone. Our goal is to make using cryptocurrency accessible, and an enjoyable, intuitive experience. That’s the reason why we have a developed an intuitive mobile dApp that can be used by anyone, available as a PWA, for Android, and for iPhone.

While cryptocurrency offers a myriad of benefits, including instantaneous transactions, low transaction fees, and increasing global accessibility, the overall UX, especially for new users, leaves much to be desired. Wallet addresses are long and complex, and unlike popular mobile payment services, such as Venmo, there’s no simple way to “request” a crypto payment from someone.

Implementing the FIO protocol for a better user experience across wallets

FIO, the Foundation for Interwallet Operability, wants to change that, by implementing a the FIO Protocol, which would make sure that all crypto wallets have:

Human-readable public addresses

The ability to request a send from any FIO Address

Encrypted metadata attached to any transaction

This new, inter-wallet operability protocol removes the risk, complexity, and inconvenience of sending and receiving tokens and coins. The FIO Protocol is being built by Dapix, Inc.

Blockchains do not need to make changes in order to operate the FIO Protocol. The protocol is an open source, fully decentralized ledger that sends information and confirmations that better enable the sending of value on all other blockchains.

What being a part of FIO means for Dether:

As a part of FIO, Dether agrees to contribute to the development of the FIO protocol, and based on our experience and knowledge, provide feedback on diverse aspects of the FIO Protocol during its development.

Test and evaluate the FIO Protocol.