Coinomi is one of the most familiar brands among crypto enthusiasts. Their decentralised wallets are available on mobile and desktop to iOS and Android customers. Since their inception in 2014, they’ve been consistently innovating and introducing new products into the market. In our last discussion, we spoke to Coinomi about their planned foray into DeFi space. In this discussion, we talk about the upcoming halving of Bitcoin. We also spoke about other exciting projects that’s caught the attention of team Coinomi.

Are you excited about Bitcoin halving?

Having the emission rate of the most important cryptocurrency cut in half again, is certainly not something that can be ignored in the grand scheme of things. There are popular models, such as the stock to flow model and the mayer multiple which, if respected by the market forces, predict tremendous gains for holders. However, for us, it changes nothing – we will keep building as we have always done, and ideally, we would like to see a future where the value of Bitcoin is not measured in FIAT terms at all, as that’s when you know that Bitcoin has moved to the next stage in its evolution, ie from store of value to a real medium of exchange.

What else are you following closely?

We’re excited about the growth of L2 solutions and important Bitcoin protocol updates (Taproot, Schorr signatures, etc), many exciting projects in the DeFi space, as mentioned before, the evolution of mimblewimble into several privacy-based assets, and also Tari, which is a promising L2 solution for Monero.

“We have secretly been working on something that will provide the absolute safest haven for your funds”

Any projects/coins in particular?

We’d rather not mention any coins/tokens by name as Coinomi strives to be a neutral financial node that supports a multitude of projects without endorsing any.

What’s next for Coinomi?

We have secretly been working on something that will provide the absolute safest haven for your funds, but unfortunately we cannot disclose any more information on that yet. Stay tuned!

More to come on our exciting discussion with Coinomi. Stay tuned…

During the 2017 bull run, at the height of the ICO/Crowdfunding space, Coinomi was one of the few crypto wallets investors could rely on to participate in hand-selected ICOs from inside the application. A lot has changed since then. The wallet space has become over-crowded and DeFi has replaced the ICO buzz. With all the changes that have come about, Coinomi still remains a preferred wallet for many crypto enthusiasts.

In this interview, Coinomi chats about how they are ready to collaborate with DeFi projects.

They say real projects get built during a bear market. So what have the engineers at Coinomi been busy with in 2019.

Indeed, bear cycles and lower volumes are a great opportunity for companies in the space to focus on building more diverse, robust services. While development in Coinomi never ceases, during the last bear cycle we released our much-awaited Desktop clients for all platforms (Windows, Mac, Linux), we refactored and upgraded our entire infrastructure and backend, and we pushed out multiple updates for our mobile clients to include functionality such as Dapps browser, web3 support, walletconnect, collectibles, full UXTO control/do-not-spend flags, the option to use your own trusted ElectrumX node, support for multiple crypto-DNSs & Naming Services (such as UD, ENS and FIO), and most recently, multi-seed support, with separate encryption settings for each one.

Additionally, we are always working on BTC itself, and much requested features such as multisig, MPC, RBF/CPFP and others are in the pipeline. Finally, as always, more protocols and their assets were constantly being integrated, while a big UI rehaul for Android took place in late 2019.

‘In 2017, we saw a huge increase of the ICO/Crowdfunding space, and Coinomi was one of the few wallets investors could use to participate in  ICOs from inside the application’

You’ve been through two bull markets since 2014. Are you ready for the third one coming?

If one zooms out enough, you can argue that there’s only been one 10-year bull market! On a more serious note, it’s indeed important to realise that markets move in cycles and that each cycle boasts unique particulars and characteristics that should be explored and acted upon by companies and services. For example, during the last one, we saw a huge increase of the ICO/Crowdfunding space, and Coinomi was one of the few wallets investors could use to directly participate in hand-selected ICOs from inside the application. Also, there was a tremendous demand for altcoins as well as a growing demand for many new stablecoins, most of which were quickly supported natively by Coinomi.

As for the upcoming one, we strongly believe that DeFi projects will play a major role, and Coinomi is ready to collaborate with those teams and offer direct access to all this amazing innovation to its millions of users, all from within their wallet. Our dApps and web3 support ensures that users can interact with those services securely, without the need to use external tools and third party browsers and/or applications, while remaining in full, true ownership of their funds and keys.

This is Part 1 in a series of interviews with Coinomi. More to come. Stay tuned!