By
Svetlana Soroka
April 5th, 2024
LOBSTR Wallet, Stellar’s largest wallet operator, is launching a wallet for buying, selling and trading of DigitalBits XDB tokens.
Every admirer of Stellar, an open-source protocol for value exchange, is familiar with LOBSTR Wallet, the largest cryptocurrency wallet operator in the Stellar Lumens ecosystem. LOBSTR Wallet has gained traction as a simple and secure way to start trading and storing Stellar Lumens XLM tokens. LOBSTR provides perfect protection of your account and saves all your personal data, as you are the only person able to access your money.
The team behind the wallet for Stellar has just come with an excellent news: they are developing a proprietary wallet for buying, selling and trading of XDB, the DigitalBits blockchain’s native token. To develop XDB wallet and facilitate the storage and trading in XDB tokens, LOBSTR is going to create XDB Labs.
DigitalBits is an open-source project supporting the adoption of blockchain technology by enterprises. The technology enables tokenizing assets on the decentralized DigitalBits blockchain, transferring and trading these assets on-chain, and provides fast payments and remittances.
Its native digital assets called “digitalbits” or XDB are highly flexible. Users can get XDB due to DigitalBits’ revolutionary loyalty rewards program created to solve portability, security and liquidity issues. The XDB digital rewards can be traded either for other rewards points on other DigitalBits partner platforms, or for cryptocurrency.
The open-source nature of the DigitalBits blockchain is designed to allow innovation and creativity in how companies make use of their services.
LOBSTR is an ideal partner for launching a dedicated DigitalBits wallet, as DigitalBits is built on the Stellar blockchain, and LOBSTR wallet is currently the best way to trade in XLM.
Gleb Pitsevich, LOBSTR Co-Founder, said:
“We are very excited to join the DigitalBits ecosystem and work with the people behind the project. We believe that applying blockchain technology to customer loyalty programs has great potential and can disrupt the legacy loyalty industry.”
Al Burgio, CEO of DigitalBits, is excited about cooperation as well:
“We are excited to have the LOBSTR team join our partner ecosystem and build out a range of leading custodial and wallet solutions in the DigitalBits ecosystem.”
XDB wallet will include API integration, which means DigitalBits partners will be able to provide advanced features to businesses and customers, as API provides greater flexibility in the development and personalization of services that utilize Digitalbits tokens.
The date of the launch is still unknown, but when introduced, XDB Wallet will definitely act as a complete solution to manage and hold the DigitalBits XDB tokens, as well as other assets built on the DigitalBits blockchain.