Jupiter, the decentralized exchange aggregator on the Solana blockchain, has broadened its scope by taking over Ultimate Wallet, a company specializing in self-custody digital wallet solutions.
Jupiter’s decision to acquire Ultimate Wallet is a key step in their plan to boost mobile functionality and draw in hordes of new users. As stated in their announcement, the integration of Ultimate Wallet signals the commencement of their mobile project, slated to begin beta testing in May.
The company intends to combine Ultimate Wallet’s tech and staff with its own mobile platform, Jupiter Mobile, in order to speed up development and enhance the user experience.
The Jupiter Mobile Initiative is now starting the process of bringing on board tens of millions of users. You’ll soon be able to exchange any token with just one click and zero fees, and we’re preparing for beta testing in May. We’re getting closer to making it easy for your mom to use Jupiter too! 🧓 (Credit: @FamousCloudzz for the clip.)
— Jupiter 🪐 (@JupiterExchange) April 23, 2024
“Ultimate Wallet and its mobile division are thrilled to announce that they have been taken over by Jupiter, the front-runner exchange in the Solana blockchain.”
The company reassured users that their funds were secure and gave information about the upcoming change, such as the final day for using the existing Ultimate app, which is May 22.
Obtaining Ultimate Wallet fits perfectly with Jupiter’s objective to broaden its customer base and improve its mobile services in the decentralized finance (DEFIs) sector, indicating potential for more advancements in this area.
📱We’re thrilled to announce that Ultimate and our mobile team have been taken over by Jupiter, the top exchange on Solana with over $10B in weekly trading volume. Jupiter is now expanding its product line to include native mobile solutions.
— Ultimate Wallet (@UltimateApp) April 23, 2024
In February, Jupiter distributed its JUP tokens to numerous investors via airdrop, making them eligible due to prior use of Jupiter’s aggregator platform. Currently, JUP serves as the primary cryptocurrency on Solana’s decentralized exchange (DEX).
Read More
Sorry. No data so far.
2024-04-23 23:32