ViaWallet Adds eCash Support
ViaWallet, the noncustodial wallet backed by CoinEx, has added support for eCash in its app. Now, users of the wallet can hold their eCash and are allowed to transact with it. This is one of the first wallets that adds support for eCash after its recent rebrand and redenomination. The wallet is already using the new eCash address format. This benefits user experience and avoids possible confusion with legacy bitcoin directions that are also being used for eCash transactions by some exchanges like Gate.io.
Viawallet also supports other currencies and aims to be a complete self-contained solution for users who want to manage all their crypto holdings with just one tool. You can use it to store and transact most ERC20 currencies, Bitcoin and Ether. The wallet also supports CSC currencies that are issued on top of the CoinEx Smart Chain.
Bitpie Also Includes eCash Support:
Bitpie, one of the most popular wallets used by Chinese users, has also announced it introduced support for eCash transactions via its official Twitter account. According to user reports, Bitpie seems to be using legacy addresses instead of the eCash standard addresses, so users will have to be careful when moving funds. There is an official online address converter available on the eCash site.
The China Merchants Bank invested in Bitpie back in 2019, when China was moving to acquire cryptocurrency infrastructure. However, the wallet has its headquarters in Australia and it is a non-custodial wallet. This means that funds can just be managed by the owner of the cryptocurrencies held in the wallet.
Lagging Ecosystem
Viawallet and BitPie join CashTab and ElectrumABC as wallets that already support eCash’s rebrand and redenomination. Other wallets might support Bitcoin Cash ABC but have not applied the necessary changes to make the change to eCash. In general, the ecosystem has been slow to adopt the new brand.
Binance, the biggest exchange by volumes traded, announced it would support the rebranding and redenomination process last month, but at the time of writing, it has failed to do so. No official explanations have been issued about this subject. Other smaller exchanges like CoinEx, and Gate.io have already started eCash trading on their platforms.
More platforms are in the process of applying the rebrand and redenomination: this is the case of Huobi and OKEx. The latter has already converted users’ holdings to XEC, while the former is still working on it. However, in both cases, it is not known when eCash trading will be opened.
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