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Bitcoin․com Integrates FIO Protocol to Simplify the Process of Sending Cryptocurrency

ByLouis Adams

Feb 21, 2022
Reading time: 2 minutes

The Foundation for Interwallet Operability (FIO) has announced that leading non-custodial cryptocurrency wallet Bitcoin.com has integrated the FIO Protocol. As of today just under ten million Bitcoin.com wallet users will now be able to send any type of cryptocurrency to simple easy-to-read crypto handles in a more secure and user-friendly transaction experience.

FIO Protocol provides users with a new way to transfer cryptocurrencies. Instead of having to use complex wallet addresses, users can simply register a FIO Crypto Handle and use readable wallet names, similar to email addresses, to send, receive, or request any type of cryptocurrency. In some ways, the simplified domain concept is similar to the .eth names offered by Ethereum Name Service, or Unstoppable Domains’ .crypto, .wallet, or .blockchain addresses. However, there is a core difference with FIO Protocol in that its network focuses on user privacy and interoperability between different blockchains.

Bitcoin.com integrates the FIO Protocol as it aims to support cryptocurrency usability and mass adoption. Bitcoin.com users will now be able to send any type of cryptocurrency to a FIO Crypto Handle via the Bitcoin.com wallet.

Luke Stokes, Managing Director, Foundation for Interwallet Operability: “In just over a decade Bitcoin has emerged as one of the most exciting asset classes for retail and institutional investors, and is viewed by many including myself as the best form of money ever created. For people to properly trust this network they will need to have confidence in the infrastructure and feel sure that who they are sending assets to is in fact the person they think it is, the FIO Protocol enables this to happen.”

Dennis Jarvis, CEO, Bitcoin.com: “Bitcoin.com is committed to providing secure and easy-to-use tools for this economic-freedom creating asset class. Unfortunately, cryptocurrency addresses have long been a roadblock to widespread adoption. We wholeheartedly welcome FIO’s efforts to establish an open-source protocol for registering human-readable addresses, and we’re proud to integrate the FIO Protocol in our products.”

Bitcoin.com Wallet joins over thirty five major wallets, exchanges and crypto payment processors that have integrated the FIO Protocol into their products. FIO Protocol’s delegated Proof-of-Stake blockchain is governed by FIO token holders, with blockchain fees divided between block producers and the companies that enable the FIO Protocol in their applications.

For those interested in using FIO Protocol in the Bitcoin.com wallet, please visit https://bitcoin.com or check out a demo video here.

About FIO

FIO, the Foundation for Interwallet Operability, is a decentralized consortium of blockchain organizations and community members supporting the ongoing development, integration, and promotion of the FIO Protocol. The protocol is an open-source, decentralized usability layer solution that works across all blockchains, and uses human-readable Crypto Handles to replace the complexity, risk, and inconvenience that comes with blockchain-based transactions using public addresses.

About Bitcoin.com

Bitcoin.com’s mission is to create more economic freedom in the world. They do this by providing the information and tools people need to buy, sell, trade, invest, and use crypto assets. The Bitcoin.com domain features accessible educational materials to get you up to speed, while Bitcoin.com News provides timely coverage of the industry news that matters. The fully non-custodial Bitcoin.com Wallet is an easy-to-use but powerful app, available across mobile and web. It enables anyone in the world to obtain and manage their Bitcoin, Bitcoin Cash, Ethereum, and ERC-20 tokens.

Contact: marketing@fioprotocol.io