Cryptocurrency wallets are a must for users to invest in cryptocurrencies. Their increased creation, as well as use, indicate how rapidly the popularity of decentralized digital money is growing. Market data provider Statista revealed that by the end of the first half of 2019, the number of blockchain wallet users rose to over 40 million. As per the report, that represents a significant increase from less than 8 million users in the second quarter of 2016. It has led to a sharp rise in cryptocurrency wallet providers that enable users to own a cryptocurrency wallet and store, send, and receive crypto coins. Currently, there are multiple cryptocurrency wallet providers like Blockchain.com, Coinbase, Exodus, and more dominating the market.
Now, you might also think that providing users with cryptocurrency wallets is a viable business model that can ensure long-term profitability and which you can adopt. However, it requires to fulfill the essential requirements of users like security, user experience, features, and more. It requires detailed planning and execution of the project, as well as the assistance of an experiential crypto wallet development company like Oodles.