Waves Project and MYCELIUM reached a stable strategic cooperation

Rage Comment : Waves is a payment startup that once participated in the Ethereum conference in Russia. Its popularity can be judged from the speed of its ICO. The number of participants almost paralyzed the network. The goal of the project is to integrate legal currency and blockchain technology and improve the exchange and transaction system between legal currency and tokens. Mycelium is a popular cryptocurrency wallet provider in the world and one of the startups participating in the Waves project. In the future, Waves will absorb more partners and hope to bring complete professional solutions.

Translation: Annie_Xu

Anyone who has even a passing connection to the cryptocurrency and altcoin space has heard of the newcomer Waves (Waves Project). But in case you haven’t heard of it and don’t know how much Bitcoin it raised during its ICO (about 29,000 Bitcoins), I need to popularize some facts about Waves:

Waves' plan is to integrate fiat currency and blockchain technology, and to create an almost poetic symbiosis. It takes advantage of blockchain's speed, low fees, and mainstream products in the financial industry. Anyone can store fiat currencies (EUR, USD, RMB) through the Waves platform's fiat gateway. For example, payment service providers can convert fiat currencies into fiat tokens and complete remittances in seconds using blockchain. Then, based on the value of the token and the corresponding currency, you can withdraw the money across the ocean or on a neighboring block.

Waves is designed to serve the general public who need to send money across borders, businesses and startups who want to create and manage assets, and businesses that want to crowdfund outside of a centralized middleman system, thus avoiding endless restrictions. It is also possible to decentralize and trade assets on the platform.

Waves plans to become a Know Your Customer and Anti-Money Laundering (KYC and AML) compliant platform, which seems somewhat contradictory given its decentralized asset trading nature. Fiat gateways can issue fiat tokens on the platform autonomously, and all required licenses have been obtained. Users can perform KYC verification directly on these gateways. Implementing KYC and ALM seems to be contrary to the fundamental characteristics of Bitcoin.

WAVES Blueprint

The Waves team recently released its roadmap, where security seems to be at the core of their plan as they hope to use new features to ensure that there will be no security vulnerabilities or speculation possibilities in the future.

The first priority for the Waves platform is a public full node. Expected to be released in a few weeks, users will become part of the network and receive dividends on their Waves balances.

WAVES and MYCELIUM reached a stable strategic cooperation

Waves is not fighting alone, but has a wide range of cooperation plans, one of which has been announced. Waves will cooperate with a successful company in the blockchain field. Mycelium is a popular cryptocurrency wallet provider in the world and is also the first partner announced by Waves during the ICO stage. Both companies hope to integrate fiat currency with blockchain technology, and the details of the cooperation have been announced. Martin MX, the manager of the Waves project, said that Mycelium's applications and services will fully support Waves tokens, including Mycelium cards - ISO ID1 regular-sized hardware wallets equipped with wireless devices, keyboards, batteries, and built-in displays. Each card is a wallet and POS terminal. The cards can be interconnected point-to-point and then upgraded to a full mesh network. In addition to Bitcoin and fiat currency wallet uses, this card is also particularly suitable for points programs, such as airline mileage points. This is a great opportunity for Waves to gain Mycelium's fast-growing large user base.