Mycelium and Waves announce shared development roadmap

Mycelium and Waves Platform announced the implementation of a shared development roadmap for custom blockchain asset circulation. The Mycelium wallet will support the issuance and transfer of a variety of digital tokens that can be used to represent a wide range of assets, including mainstream fiat currencies.

Mycelium is an innovative payment platform that integrates blockchain technology and traditional fiat currencies. In their flagship mobile wallet application, Mycelium provides payment processing (Mycelium Gear), cold storage (Mycelium Entropy), and hardware storage/payment solutions (Mycelium Card).

Waves is a blockchain platform dedicated to the creation, transfer and trading of custom tokens. Blockchain tokens can be fiat currencies, financial instruments, vouchers, market reward points and any other valuable commodity. Waves platform has developed a trustless token trading function that will enable decentralized transactions directly on the blockchain.

Mycelium and Waves will work together to enable blockchain-based fiat transfers and support fiat as the primary medium of value transfer. The blockchain-based approach enables cheaper international remittances, easier processing of everyday bills, and other benefits. But what is most impressive is the potential market for the tokens. In addition to using tokens backed by financial institutions and third parties, users of the Mycelium wallet can create their own tokens. They can assign value to these tokens, transfer them to their users, and even trade them against government-issued fiat currencies.

Waves tokens will be transferred via the Mycelium card network, which is a hardware wallet in the size of an ISO ID1 standard, containing a wireless unit, a keyboard, a rechargeable battery and a display. Each card is both a wallet and a POS terminal. The card operates via a peer-to-peer connection that will be upgraded to a full mesh network in the future. In addition to being a Bitcoin and fiat wallet, the card is also particularly suitable for loyalty programs and flight rewards.

The Mycelium and Waves teams will complement each other and the synergy between the two platforms will be demonstrated in September 2016 when the first custom token is issued.