MyEtherWallet (MEW) has partnered with the Kyber Network to add multi-swap token functionality to its newly reinvented wallet interface.
By integrating Kyber’s liquidity protocol, millions of MEW users can now access and convert tokens directly and easily on the MyEtherWallet platform without going to third-party sites.
We are excited to bring @KyberNetwork's full swap functionality to our users with the new interface, MEW V5! Read more about our partnership on Kyber's blog. https://t.co/Vm2wIMvgKS
— MyEtherWallet | MEW (@myetherwallet) February 12, 2019
A new wallet interface
In a Medium post, MyEtherWallet stated that: “In the world of crypto, interface updates are more than beautification – they are a process of arriving together, as a community, at what will work best for all current and future users of blockchains.”
Through the new interface, MEW is aiming to draw in new users while being respectful to experienced ones. The platform also reiterated that they won’t be storing any of their users’ data.
Speaking about the new interface, Kosala Hemachandra, CEO and founder of MEW, commented that when MEW first launched in 2015, “we were a niche interface with a user base that was almost entirely made up of technically-proficient people. Now we are a globally used platform with most of our users being everyday people looking to start their crypto journey.”
The updated version of MEW is compatible across a number of different devices: desktop, mobile, and tablet. Wallet balances will also be automatically loaded without the need for third-party extensions.
Enabled by Changelly
The token swap functionality will be enabled by Changelly, a crypto exchange platform, which will be using the Kyber Network to bring seamless swaps to the Ethereum wallet. The swaps capability will cover the full range of the Kyber Network’s 60+ ERC-20 tokens.
With this new feature, users will now be able to swap their tokens easily without having to move their coins from their wallets to other cryptocurrency exchanges and back to their wallets for safekeeping.
Loi Luu, CEO of the Kyber Network, concluded the announcement by saying: “The brand new interface will improve the user experience while making the token swap process even more seamless for millions of people around the world.”
Disclaimer: The views and opinions expressed by the author should not be considered as financial advice. We do not give advice on financial products.