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Tetrix Network, a Filipino-made integrated ecosystem that connects different blockchains, unveils the new and improved Pitaka, which is a crypto wallet allowing users to store, manage, and exchange cryptocurrencies and digital assets in an extension.
“Pitaka is a fully decentralized crypto wallet that runs on Tetrix, the first omnichain protocol that directly communicates across all blockchains,” said Felix Asuncion, Chief Revenue Officer of Tetrix. “Our main motivation 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.”
Pitaka enables the storage of non-fungible tokens (NFTs) and digital collectibles, and ever supports more than 18,000 cryptocurrencies built on top of 25 blockchains. Some famous ones are altcoins, Ether, Binance Coin, Polygon, Dogecoin, and Shiba Inu.
This grants users the ultimate control of their funds by generating a 12-word mnemonic (seed) phrase as the wallet’s private key when lost passwords cannot be recovered preventing malicious behavior.
Pitaka can be connected to Trezor and Ledger, which are hardware wallets, maintaining their company’s goal of giving full control to users over their assets.
According to Tetrix, they have already started the development of Pitaka’s mobile app which will support more cryptocurrencies like Bitcoin and XRP down the road.
YugaTech.com is the largest and longest-running technology site in the Philippines. Originally established in October 2002, the site was transformed into a full-fledged technology platform in 2005.
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