Advertisement PDAX Banner

Filipino-led Tetrix Network Launches ‘Pitaka’ Crypto Wallet

Photo for the Article - Filipino-led Tetrix Network Launches ‘Pitaka’ Crypto Wallet

Tetrix Network, an interconnected ecosystem of blockchain bridges, announced the launch of its new and improved crypto wallet Pitaka. The wallet allows its users to store, manage, and exchange various cryptocurrencies and digital assets in one simple browser extension.

“Pitaka is a fully decentralized crypto wallet that runs on Tetrix, the first omnichain protocol that directly communicates across all blockchains,” –Felix Asuncion, Chief Revenue Officer of Tetrix

According to Asuncion, the main goal of Tetrix Network in building Pitaka is to “create a product that each and every Filipino will be proud of. As we say, “Made by Filipinos, for the world.”

Moreover, the developers noted that with Pitaka users will be able to hold various cryptocurrencies as the wallet will enable them to make transactions to any blockchain address. They also said Pitaka will also provide users with an entry point into the emerging world of decentralized finance or DeFi. 

“Users can create multiple accounts and select which account to use for sending payments, storing funds, and interacting with decentralized applications or dapps, banking on its goal to be the gateway to the world of Web 3 or the decentralized internet.”

Tetrix Network

In addition, the wallet can also store non-fungible tokens (NFTs). NFTs are a distinct, unique, and easily verifiable type of digital item.

Advertisement PDAX Banner

Currently, Pitaka supports more than 18,000 cryptocurrencies built on top of 25 blockchains including established altcoins, such as Ether, Binance Coin, and Polygon, as well as popular meme coins like Dogecoin and Shiba Inu.

Photo for the Article - Filipino-led Tetrix Network Launches ‘Pitaka’ Crypto Wallet

Like Metamask, this non-custodial wallet grants users full control of their funds by giving them access to their wallet’s private key, a 12-word mnemonic (seed) phrase that when lost cannot be recovered. They assured that this “prevents any malicious behavior against any users because all actions are verified by the blockchain.”

“In addition, users of Pitaka will be able to connect their Trezor and Ledger hardware wallets, maintaining self-custody and full control over their assets,” Tetrix Network wrote in a statement.

Accordingly, Tetrix stated that they have already started the development of Pitaka’s mobile app which will support more cryptocurrencies like Bitcoin and XRP.  Also, the wallet supports Google Chrome and Chromium-based browser, Brave.

This article is published on BitPinas: Filipino-led Tetrix Network Launches ‘Pitaka’ Crypto Wallet

Disclaimer: BitPinas articles and its external content are not financial advice. The team serves to deliver independent, unbiased news to provide information for Philippine-crypto and beyond.