Reuters addressed the features and best advantages that the coin has to offer via a detailed explainer.
They write that XMR allows users to conceal almost all the details regarding a transaction, and as expected, they also mention the illegal purposes that the coin has been used for due to its nature.
Cake wallet gets updated
Cake Technologies LLP revealed a couple of days ago via a tweet the launch of their updated version of cake wallet.
This wallet is ready for use, and it can be already downloaded.
The company has implemented some changes, and the cake wallet now has a new look.
It’s powered to do sub address management and accounts in a much better way. Cryptonewsz notes that the wallet is also added with a third exchange @ChangeNOW_io.
The cake wallet and Monero
The cake wallet, just in case you didn’t know, is a dedicated wallet for Monero that lets users send, accept, and exchange XMR in the safest way.
Also, the wallet allows the blockchain transactions without having to run the full node as it’s an open source IOS wallet.
New version of Cake Wallet for #monero #xmr $xmr is live now! Major changes are: implementation of Accounts, better Subaddresses management, added a third exchange @ChangeNOW_io, and a fresh new look! Download now at https://t.co/a0nMGyGTUG
— Cake Wallet (@CakewalletXMR) May 14, 2019
The company included face recognition and fingerprint tech in order to enhance the wallet’s safety.
The wallet has incorporated exchanges for BTC, XMR, ETH, LTC, BCH, and DASH.
The online publication notes that Monero users had a rough time storing XMR on their mobile as wallets for iOS devices were non-existent at that time.
They also write that since cake wallet was launched, Monero is blossoming.
Back on April 24, 2018, Monero wallet developers reportedly declared the entry of Cake wallet on their authorized website. It seems that they have approved it as an iOS wallet.
Reportedly, Cake is the only iOS wallet that’s registered by Monero.