Guarda Wallet To Implement FIO Protocol For Improved Crypto Usability

Blockchain, News | December 6, 2019 By:

Crypto wallet Guarda has announced that it has joined the Foundation for Wallet Interoperability (FIO), choosing to implement the FIO Protocol.

Founded in 2017, Guarda is a custody-free multiplatform crypto wallet with a user-friendly interface designed to store, manage, transfer and receive digital assets. Currently, Guarda Wallet supports around 45 major blockchains and over 10,000 tokens, such as BCH, BTC, ETH, BSV, XMR, ETC, XRP, ZEC, EOS, KIN, LTC, DASH XLM, and more.

The FIO Protocol enables simple, seamless, and universal integration with wallet and exchange providers, making the sending and receiving of tokens and coins between decentralized wallets easier and more user-friendly. The FIO Protocol is not a wallet and does not compete with other blockchains, rather, it makes the user experience better across every wallet and every blockchain.

By implementing the FIO Protocol, Guarda Wallet will be adding functionality that will make cryptocurrencies appeal to more mainstream users. These include human-readable wallet addresses, which can be used for sending or requesting funds immediately and automatically across all blockchains; the error-free and secure ability to request funds from another wallet using a wallet address; and the ability to attach metadata to any blockchain transaction.

Maria Carola, Guarda Wallet’s Chief Marketing Officer, said that by joining FIO and adding functionality that makes the process painless, they are expecting a rise in crypto adoption.

“Having an industry standard for metadata via FIO Data is a feature that crypto users desperately need at the moment,” said Carola. “Some blockchains do have the construct of metadata that can be utilised on the blockchain: ie, notes and other information about the transaction. But each blockchain handles it differently and some blockchains don’t have that at all. From a user standpoint and a wallet standpoint you can’t have a different experience with different tokens, and with 10,000 tokens available via Guarda Wallet – this standardisation is going to make such a difference for our users.”

David Gold, CEO of Dapix Inc, the company behind the initial development of the FIO Protocol, said that they’ve already got 28 engaged FIO members who have been very involved in helping to shape the FIO Protocol and they’re looking forward to invaluable input from Guarda as well.

“It’s really great to have Guarda Wallet on board, as you can’t create an industry standard without industry involvement and buy-in,” Gold said.