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Exclusive Interview with Holy Transactions: Multi-Currency Wallet


Exclusive Interview with Holy Transactions: Multi-Currency Wallet


HolyTransactions is a wallet that not only supports multiple currencies, it allows you to send it to your non-crypto oriented friends through Facebook,Linked, twitter, and even email. They are constantly striving to be better, with even plans to include fiat currencies in later iterations.

How did the idea of a wallet to hold many coins appear?

Bitcoin was the first cryptocurrency, but there are more than 300 cryptocurrencies in existence already. They all need ecosystem products like wallets, merchant services and others. We made our wallet currency agnostic because we believe that cryptocurrencies will keep evolving and replacing each other.

Who composes the team that created HolyTransaction?

Core of the team is a group of Ukrainian programmers that started the company in the end of 2012 and Francesco Simonetti – Bitcoin evangelist from Italy.

Why did you want to create such a wallet in the first place?

Our product development priorities are determined by goal of spreading cryptocurrencies around the world. We will be removing barriers of adoption one at a time. To start with cryptocurrencies people essentially need a trusted wallet for every cryptocurrency they like and there were no such wallet at the moment when we started.

Are there any coins that will be added in the near future?

We plan to add more coins at the end of summer.

What process is taken when deciding on coins that will be part of HolyTransaction?

To make decisions on what coins to include on Holy Transactions we rely on feedback from its community. We also monitor different websites like CoinGecko which measures market cap, social media shares, developer repository activity and other metrics to give coins a ranking score. We ultimately make a decision internally.

According to the site, coins are stores in a cold and hot wallet. How exactly does this work?

I’d like to make it clear that we don’t consider hot/cold storage approach as safe in long-term perspective and actively working on better security system. Currently, when we have too many funds in our server wallet we move it to offline storage.

Is HolyTransaction to be considered as a payment system or more of a wallet?

We operate across more than one aspect of the cryptocurrency value chain. We are aiming to become a wallet where you can hold any type of digital asset.

Will it ever become a payment system?

There is no clear distinction between digital wallet and payment system. We are going to unveil more features in near future. Stay tuned.

What does the future hold for HolyTransaction? Any plans lie ahead?

We are about to release a new version of our wallet that will also include fiat payment options.

Who is HolyTransaction aimed for? Traders, investors, casual altcoiners?

HolyTransaction is a consumer-oriented wallet, targeting technically unsophisticated people. This is kind of wallet that you should recommend to your friends and family. We are trying hard to keep it simple.

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