Californian bitcoin startup Gem announced the forthcoming launch of the new universal platform that will allow users to track, store, and trade and find new crypto-currencies and tokens.
As stated in the description of a new product in the official blog Gem, the new platform will be different, more customer friendly and excellent design and will be the single point of entry for enterprises and keep track of all cryptocurrency users ‘ investments. Displaying the total balance of assets, it will also offer a universal wallet for storage and trade assets, the search for new tokens to make informed investment decisions, and will link with the wider cryptocurrency community.
The @gemhq team is working on an all-in-one cryptocurrency app to empower individuals to take control of their money and data. Read this letter from the CEO @winkelspecht for a peek at our app and more about what we’re doing and why: https://t.co/As1RFcZI00 #crypto #cryptocurrency
— Gem (@gemhq) 19 APR 2018
The launch of the platform in the closed beta will be held in may, and through automated API portfolio user will be connected to the 22 most popular cryptocurrency exchanges, which in the future will be expanded. In addition, users will have the ability in manual mode to track the tokens that are stored offline outside the exchanges, for example, a camera purse.
New universal wallet platform Gem will initially support bitcoin, Ether and all existing tokens of the standard ERC-20. The expectations of the team prior to the official launch list of supported assets also will be expanded.
In addition, the platform will connect users with the wider community through the so-called “discovery tool” that will provide information about 1500 tokens and offer various tools for social networking.
“The largest distributed market in the world today is a cryptocurrency. This is the market in which the Gem command know intimately not only as a blockchain expert, but also as captainvalor. It is a product that we are very close. That’s what I planned to do for a very long time, and I’m very happy that it has finally become a reality”, — said CEO Mika Winkelspecht.
Founded in 2014 startup Gem is quite well known in the blockchain industry, creating the first hardware wallet for data centers with high bandwidth, as well as becoming one of the first companies that got customers in the face of such well-known organizations such as Philips, Capital One, Tieto, Toyota and other companies from the Fortune 500.
Among the main activities of Gem is integrating blockchain technology in the financial industry, the health sector and other sectors of the economy.
In January 2016 Gem has closed an investment round series A in the amount of $7.1 million, with funding from Pelion Venture Partners, KEC Ventures, Capital Blockchain, Digital Currency Group and RRE Ventures.