RelayX product updates: Making Bitcoin SV more user friendly than ever before
Relay launched with the promise to connect the world’s payment systems by fully utilizing the scale and efficiency of the Bitcoin SV blockchain.
Today, we are excited to share three product updates to our RelayX mobile app to make Bitcoin SV more user friendly than ever before.
First, we break ground by introducing alternative blockchains colloquially referred to as sh*tcoins to the Relay settlement ecosystem. In the latest version of our RelayX app, users can now fund their Bitcoin SV Superwallet seamlessly with Bitcoin Core (BTC), Bitcoin Cash (BCH), Ethereum (ETH), and Tether (USDT).
This resolves a significant on-boarding problem for many users who would like to dispose of their assets in alternative blockchains and begin using BitCoin’s growing set of applications.
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Second, users no longer need to maintain a balance in BSV in order to use BSV. Volatility is an ever-present issue for prospective users and we have alleviated that by combining Top up & Pay into one action. RelayX users can now scan a BSV address or enter a 1handle or Paymail and pay with any fiat or alternative cryptocurrency of their choice. All conversion and fee calculations are done for you, ensuring that the recipient receives exactly how much you wanted them to receive.
Regular top ups to purchase BSV remain unchanged. We envision enabling you to send or scan fiat or alternative currency accounts while funding the payment with any money of your choosing in a future release. This would make things like Remittances seem no different than a regular payment.
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Third, we are adding Contacts so you can save your friends’ 1handle and Paymails for easy sending. We envision enabling you to add fiat and alternative cryptocurrency contacts in a future release.
For our supporters, we have added an Invite friends page in Settings so you can easily onboard your friends to RelayX. We envision enabling you to earn for signing up users in a future release through the referral solution offered by our peers at TonicPow.
Importantly, many of these upgrades to RelayX are made possible and efficient by RON — the Relay On-chain Network which operates entirely on Bitcoin SV. We are excited to share more details about RON — how it works, and how it can power a wide range of on-chain applications, e-commerce, wallets, and financial institutions, in an upcoming public launch blog post of its own.