Tetrix Network brings onboard the new and improved crypto wallet Pitaka that allows users to store, manage, and exchange different cryptocurrencies and digital assets in one browser extension.
Tetrix Network is a Filipino-made interconnected ecosystem that hopes to bridge the gap between blockchains.
“Pitaka is a fully decentralized crypto wallet that runs on Tetrix, the first omnichain protocol that directly communicates across all blockchains,” said Felix Asuncion, chief revenue officer of Tetrix. “Our main motivation in building Pitaka is to create a product that each and every Filipino will be proud of.”
Pitaka allows users to hold various cryptocurrencies, enabling them to make transactions to any blockchain address. It also provides users with an entry point into the emerging world of decentralized finance (DeFi) and supports Google Chrome and Chromium-based browser, Brave.
Users can create multiple accounts and select which account to use for sending payments, storing funds, and interacting with decentralized applications (dapps), banking on its goal to be the gateway to the world of Web 3 or the decentralized internet.
Pitaka can store non-fungible tokens (NFTs) and digital collectibles, and currently supports more than 18,000 cryptocurrencies built on top of 25 blockchains. This includes established altcoins such as Ether, Binance Coin, and Polygon, as well as popular meme coins like Dogecoin and Shiba Inu.
Pitaka, a non-custodial wallet, grants users full control of their funds by giving them access to their wallet’s private key, a 12-word mnemonic (seed) phrase that when lost cannot be recovered. It prevents any malicious behavior against any users because all actions are verified by the blockchain.
Users of Pitaka will be able to connect their Trezor and Ledger hardware wallets, maintaining self-custody and full control over their assets.
According to Tetrix, they have already started the development of Pitaka’s mobile app which will support more cryptocurrencies like Bitcoin and XRP down the road.