Proton Wallet, the blockchain wallet developed by MetalPay, has been added to the iOS App Store. As a result, Proton users can interact with the blockchain-powered payment system on their smartphones, using it to access an array of features and services. The first build of the Proton Wallet app on iOS enables the native XPR token to be staked, and for voting to be undertaken to determine block producers.
Getting an app accepted into Apple’s walled garden is no mean feat, as many crypto developers will know. Thus, MetalPay’s delight at having Proton Wallet added to the App Store is understandable. A lot of work has gone into refining the design of the mobile app, with a focus on UX to make onboarding as simple as possible.
From Verification to Staking
The current generation of mobile cryptocurrency wallets do a lot more than facilitate P2P payments, and Proton Wallet is no exception. Staking is at the heart of the Proton Wallet user experience, and an integral part of how the underlying blockchain is secured. The ability to stake – or unstake – XPR on the go gives users the convenience of earning rewards while retaining the option to unlock and sell their crypto should they require cash.
Another component of the staking process is voting for block producers, and this can also be done in a trice within the iOS Proton Wallet App. As an incentive for voting for block producers, users will be entitled to a portion of the block rewards.
Although not branded as a DeFi wallet, MetalPay’s Proton app slots into a similar narrative, centered around earning yield from interacting with blockchain protocols.
A High Speed Blockchain for Global Payments
MetalPay and Proton CEO Marshall Hayner is known for his grand vision and ability to see the bigger picture. With Proton, he’s focused on transforming the global payments system, from credit cards to banking. That’s a bold promise, but Hayner isn’t getting ahead of himself at this stage. Nevertheless, he is very much aware of the potential for cryptos to disrupt the legacy payment system, and that for this to occur, highly scalable blockchain infrastructure is required.
Proton has been engineered with payments paramount, but it’s not the only use case proposed for the network. It’s also being used for digital identities, and has the potential to be used for e-voting too. These are just some of the use cases Proton has outlined for its blockchain. First though, it’s focused on getting its native wallet into as many smartphones as possible. Its entry into Apple’s App Store will go some way towards realizing that goal.