RINO Announces Free Use of Enterprise Wallet for Monero
RINO has made its enterprise wallet, designed specifically for businesses, free to use. The wallet incorporates financial industry best practices such as spending limits and four-eye approvals. This move is expected to boost the wider adoption of Monero within the crypto industry.
The lack of wallets catering to the needs of businesses has been a gap in the market until now. RINO’s enterprise wallet fills this void by offering functionalities specifically tailored to teams and organizations.
Secure Workflows
RINO allows clients to establish policies for secure interactions with shared wallets within their teams. These policies include spending limits, four-eye sign-offs, and view-only wallets. While similar features are available for other cryptocurrencies, RINO has successfully tackled the technical challenge of providing secure, non-custodial workflows on the Monero blockchain.
Cost Savings
Through its SaaS offering, RINO enables seamless integration of Monero. Clients can utilize RINO’s stable wallet interface (API) without having to navigate the complexities of the Monero protocol.
Trust
RINO operates as a non-custodial wallet, meaning it does not possess the keys necessary to spend clients’ funds. The cryptographic mechanisms used by RINO are open source and verifiable through reproducible builds.
Unique Technology
RINO leverages Monero Multi-Party Computation (MPC) technology to offer a range of features while maintaining a non-custodial approach. Organizations using RINO can securely interact with their own funds, assigning specific roles and implementing policies for wallet interactions. For example, outgoing transactions may require multiple approvals before being confirmed and sent out.
Free Enterprise Wallet
RINO’s enterprise wallet is now available for free, making it easier for teams to take advantage of its powerful features.
About RINO
RINO is a company founded by Monero enthusiasts and crypto entrepreneurs. Their mission is to facilitate the mainstream adoption of Monero within the financial industry.
Hot Take: RINO’s Free Enterprise Wallet Boosts Monero Adoption
RINO’s decision to offer their enterprise wallet for free is a gamechanger for the Monero ecosystem. By addressing the specific needs of businesses and providing secure workflows, cost savings, and trust through non-custodial solutions, RINO has positioned itself as a crucial player in driving the wider adoption of Monero. With their unique technology and commitment to the mainstream financial industry, RINO is empowering teams to fully leverage the power of Monero.
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