Cheetah Mobile, а Chinese mobile app company, has announced its entry into the world of cryptocurrency wallets.
The company will launch a new SafeWallet, which is so far available only for android and allows customers to easily manage their cryptocurrency assets. An iOS version will be developed right after.
SafeWallet will give an opportunitry to users to send and receive cryptocurrency assets, create multiple wallets and import wallets in a variety of formats. The app currently supports only bitcoin and ether.
Cheetah Mobile specializes in security app products. In its release it states: "SafeWallet employs a unique three-tiered security defense system that protects users in three key areas, including user behavior, phone security and asset management to provide maximum protection for users' digital assets and prevent them from being lost or stolen."
The company highglights that SafeWallet will not have an access to the private key of users or initiate transactions on their behalf.
Cheetah Mobile already provides mobile security products such as Clean Master and Security Master, and currently declares that it has over 100mln customers on daily basis.
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