Digital Assets Management
Digital Asset Management
Wallet as a Service enables businesses and programmers to make use of Blockchain technology without the need to take care of hassling tasks like setting up a node for Blockchain or to design solutions to store private keys or manage privacy for its users.
Periscope proposed to build a new blockchain wallet product using an open source walletkit as a basis for development. Periscope provided a “Turn-Key” wallet solution which included everything from planning, designing, development, testing, beta rollout, deployment, hosting, scaling, and support.
Industry:
Digital Asset Management
Service:
IT Consulting
Challenge
The client has been in business since 2015. Has over 3000+ crypto ATMs in 48 states with over 300K customers in United States and offers various crypto services either online or through their ATMs. Wallet service was missing from their product offerings. The client wanted to launch a wallet that is tightly integrated with their Crypto ATM ecosystem using which users can manage their digital assets.
Solution
Periscope developed a mobile wallet application for iOS and Android that was tightly integrated with the client's existing crypto ATM ecosystem. Periscope ensured an intuitive wallet app with client's branding and UI UX designs.
The solution was focused on leveraging WaaS offering from BRD and utilized the “Blockset: Infrastructure for Digital Asset” which resulted in faster time to market. The key business driver for this project was to accelerate client's market adoption by expanding their product suite.
The project was carried out in multiple phases which included:
- Backend system development for mobile wallet to interact with different protocols/ currencies.
- UI/UX design and development.
- Android and IOS app development for managing digital assets.
- Custom workflows implementations.
- Integration with third party crypto services providers like Moon pay and simplex.
- Integration with OnFido for KYC and AML regulation.
The project phases
- Backend system development for mobile wallet to interact with different protocols/ currencies.
- Android and IOS app development for managing digital assets.
- UI/UX design and development.
- Custom workflows implementations.
- Integration with third party crypto services providers like Moon pay and simplex.
- Integration with OnFido for KYC and AML regulation.
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Benefits
The solution provided by Periscope enabled the client to offer their own enterprise-grade digital wallet solution to their customers to easily receive, hold, and send digital assets without setting up a complex backend system required for any blockchain solution.
The backend system handled all cryptographic functions and blockchain communications, while the prebuilt Android and iOS libraries helped in rapid platform-specific development thus enabling clients to focus only on the business, not the complex backend infrastructure.
- Turnkey design and development
- 24/7/365 support
- Integrations with fiat gateways
- Enterprise grade security
- Easy integrations with existing systems
- Multi-chain support
- Up to 99.999% uptime
- Real-time market data
- Less processing fees
- Near real-time transaction settlement
- Rapid time to market
- Reduced total cost of ownership
- Turnkey design and development
- 24/7/365 support
- Integrations with fiat gateways
- Enterprise grade security
- Easy integrations with existing systems
- Multi-chain support
- Up to 99.999% uptime
- Real-time market data
- Less processing fees
- Near real-time transaction settlement
- Rapid time to market
- Reduced total cost of ownership
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