Alexander Kuzmin, founder of Mycelium, said: “Joining FIO and supporting the FIO Protocol makes complete sense because we believe it will be an important milestone in the wider adoption of cryptocurrencies.”
FIO’s decentralised, open-source blockchain protocol – being built by Dapix, which is working at revolutionising blockchain usability – is hoping to deliver an enhanced layer of usability features for existing and future wallets and exchanges.
On the FIO website, Erik Voorhees, founder and CEO of ShapeShift, said: “Crypto payments must improve if this technology is going to expand. FIO’s approach – decentralised, cross-chain, and with financial incentives to adopt – is exciting and we’re thrilled to support it.”
The FIO Protocol will begin by focusing on three main areas of functionality:
FIO Addresses – human readable wallet addresses, which work with all tokens or coins or exchange support,
FIO Workflow – virtually error-free in wallet payment request initiated transactions, and
FIO Data – the ability to include private metadata on send and receive transactions across any blockchain.
Speaking of FIO’s potential, David Gold, the founder and CEO of Dapix, said: “By making it user-friendly to move tokens around, the FIO Protocol will be a driving force behind cryptocurrency adoption for more than just alternative investment and we look forward to more key players joining us in 2019.”