Giant cryptocurrency mining Bitmain announced October 1 on the purchase of a startup with opensorce a Bitcoin wallet Cash called Telescope.

Wallet Telescope, built-in browser, was launched in the beginning of 2018 with the aim to provide instant Bitcoin transactions Cash. In a press release it is reported that currently, the Telescope can run in Chrome or Mozilla Firefox, and in the future the team plans to combine it with other platforms.

Telescope supported payment system BitPay and stores the cryptographic keys in the extension browsers and allows you to sign transactions directly in the user’s browser. The team claims that the custody of funds in this way is as safe as the offline wallets.

The head of the Department of the relations with the press Bitmain Nishant Sharma said that the Telescope offers a “simple, but key innovation” ecosystem Bitcoin Cash.

He also said:

Cryptocurrency wallet built into a browser is a promising technology. Developers Telescope performs very interesting work, and we look forward to working with them in the Telescope and Bitcoin Cash.

According to some reports, Bitmain owns almost 6% of all BCH. This position sometimes led to criticism, given the depreciation of the asset during the current bear market and the plans of the Chinese giant’s IPO in Hong Kong.

If at the beginning of 2018, the company kept in the cryptocurrency almost $900 million over the past 10 months, the cost of these stocks could lose about 20%. According to CoinMarketCap, at the time of writing this post Bitcoin Cash were traded at around $520.