Introducing the Open Source Rif Wallet: Bridging Bitcoin to the Next Billion Users

RIF Wallet Launches on Rootstock Bitcoin Sidechain

RIF Wallet, an open-source framework for building bitcoin first crypto wallets, has been launched on Rootstock, the EVM-compatible Bitcoin sidechain. The self-custody solution is designed for businesses and developers to easily offer users a Bitcoin-first crypto wallet.

Features of RIF Wallet

RIF Wallet allows users to send, receive, and store BTC alongside other tokens on Rootstock. It also enables interaction with various DeFi applications built on Rootstock. The wallet features customizable branding, UX, and a range of exciting and easy-to-implement features.

Built on Rootstock

RIF Wallet is built on Rootstock, the EVM-compatible sidechain secured by over 60% of Bitcoin’s hashing power. It is part of the Rootstock Infrastructure Framework (RIF), which aims to speed up the development of new products and services built on Bitcoin.

Benefits for Businesses

Businesses can incorporate RIF Wallet as a white-label solution in sectors like fintech and neobanks. By leveraging RIF Wallet’s functionalities, businesses can enable users to send and receive payments, including remittances, and access decentralized finance (DeFi) applications.

Developers and Support

Developers can freely use the open-source code of RIF Wallet to build their own Bitcoin wallets. Businesses without technical expertise can seek support from the core development team to create customized solutions. RIF Wallet is entirely free for businesses to access and implement.

About IOV Labs

IOV Labs develops blockchain technologies for a global financial ecosystem. They contribute to the development of the Rootstock blockchain and Rootstock Infrastructure Framework (RIF), which enables faster and scalable development of distributed applications (dApps).

Hot Take: RIF Wallet Empowers Bitcoin-first Crypto Wallets

RIF Wallet’s launch on Rootstock brings a new level of accessibility and functionality to Bitcoin-first crypto wallets. Businesses and developers can now easily offer users the ability to send, receive, and store BTC alongside other tokens. With its customizable branding and range of features, RIF Wallet provides a seamless experience for both businesses and users. By leveraging the power of Rootstock and the RIF Infrastructure Framework, businesses can tap into the potential of decentralized finance (DeFi) and expand access to Bitcoin-first crypto applications. The availability of open-source code and support from IOV Labs further enhances the versatility and adaptability of RIF Wallet for developers and businesses alike.