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- Telegram users can set up their Bivreost IOTA wallet in less than a minute and can transfer MIOTA without any fees.
- The Bivreost MIOTA wallet makes accessibility very easy and needs no downloading, installation, or registration since its’ web-based.
IOTA has been gaining a lot of market share recently with some key developments around IOTA 2.0 and the launch of the Shimmer Network to improve scalability. IOTA is currently among the top 60 digital assets by market. Furthermore, the use of IOTA has been growing in the IoT industry and other sectors to facilitate instant micropayments.
Based on the IOTA technology, we now have the first Telegram web-based crypto wallet, Bivreost. The Bivreost MIOTA wallet makes accessibility very easy and needs no downloading, installation, or registration since its’ web-based.
Using the Telegram application users can create their Bivreost IOTA wallet in less than a minute. Also, the wallet doesn’t charge any commission for transfers among its users. With Bivreost, a user can send IOTA to their friends on Telegram even without knowing their addresses.
Most importantly, the Bivreost comes with a very simple and intuitive UI making it easy to use. The Bivreost wallet is currently running on the IOTA testnet wherein it will undergo a performance test to understand the kind of difficulties that may emerge. This test also seeks to provide payment security and protect users against unnecessary payments.
The Bivreost IOTA wallet will come with extended functionality and could be easily added to different chats on the Telegram channel. It demonstrates how developers are working towards expanding the IOTA ecosystem and encouraging doption.
However, it is important to note that Bivreost is a central closed source wallet and not from the IOTA Foundation itself hence users need to be cautious and transact small amounts using the wallet. Firefly is the only official IOTA wallet.