Bitcoin, not blockchain: Synonym launches mobile BTC wallet

The new mobile wallet, called Bitkit, was unveiled at the PlanB Forum conference in Lugano, Switzerland on October 29. New

Bitcoin and Lightning Network service provider Synonym has launched a new BTC-focused mobile wallet that it says could improve the user experience for holders of the flagship digital currency and expand Web3 adoption without rely on convoluted blockchain applications.

Synonym unveiled its Bitcoin (BTC) mobile wallet, dubbed Bitkit, at the PlanB Forum in Lugano, Switzerland on October 29. The wallet supports BTC and Lightning Network payments with a self-custody node and an encrypted backup service, which users can use for free. Bitkit is launching as a limited public beta app for Apple and Android devices.

The Bitkit app is powered by Slashtags, a bitcoin crypto seed that generates keys and gives users simultaneous control over their data and money. Via Slashtags, Synonym claims that Bitkit will power Web3 "without using any blockchain at all".

Paolo Ardoino, Chief Strategy Officer of Synonym, says the new app will help promote "hyperbitcoinization," a term that describes a future state where Bitcoin will be more widely used as a default and payment system .

Super happy to announce Pear Credit at #lugano Plan B. Pear Credit is a P2P transport layer for credit, leveraging lighting style channels born out of collaboration between @Tether_to holepunch ( @keet_io ) and @Synonym_to ⚡️

The launch of Bitkit also coincided...