Synonym Launches Bitkit Mobile Bitcoin Wallet – Bitcoin Magazine

Synonym, a Bitcoin and Lightning Network service provider, has released the Bitkit Wallet, a mobile bitcoin wallet for Apple and Android devices, according to a statement sent to Bitcoin Magazine.

The wallet offers many features such as: portable social profiles, dynamic paid contacts, interoperable data feeds and passwordless web accounts. Additionally, the wallet uses Bitcoin crypto seeds to generate keys for the company’s new web protocol called Slashtags.

Slashtags allows users to take control of their data. The protocol does not require blockchain, includes uncensorable social profiles, auto-updated contacts, contact payment preferences, passwordless authentication, and a few additional features.

“Bitkit is not your typical bitcoin application,” said Paolo Ardoino, CSO of Synonym. “The Synonym team managed to take wallets to the next level with a beautiful design and new innovative and useful features that will help ensure hyperbitcoinization.”

The Slashtags protocol is open-source and modular allowing the ecosystem to be widely accessible to builders. In fact, the company has even released a software development kit that serves as a sandbox or “playground” that developers can use to simulate various Slashtag use cases.

“As more and more people lose control of their data to big tech companies and lose control of their assets to big banks and institutions, we felt the need to create open alternatives that empower civilians to reboot the web and the economy,” John said. Carvalho, CEO of Synonym.

Additionally, on stage at the recent PlanB Forum, Synonym announced two new initiatives. Pear, a tokenized credit system for assets, products and services, and the Blocktank Instant. Blocktank allows exchanges and wallet providers to quickly onboard users to the Lightning Network.