HolyTransaction is a new cryptocurrency company that wants to be the market leader in the often speculative world of alternative digital currencies, and believes it stands to make big gains in the market by doing so.
To reach this market, HolyTransaction has built a wallet that allows users to exchange various altcoins in one place.
Zamovskiy has been working on bitcoin-related technologies for many years, and finally came to the conclusion that building a wallet that can accept many cryptocurrencies is something the industry needs.
After some more trial and error, he eventually started HolyTransaction and was accepted as a startup at the Plug and Play Accelerator in Sunnyvale, CA. HolyTransaction currently makes money by charging its users 1% each time coins are exchanged within its wallet, and it plans to grow revenue as the altcoin market expands.
HolyTransaction thinks servicing top altcoins is important because many of them do not have sufficient wallet alternatives outside of a main client.
"We are talking constantly with people in the community, and there are not enough wallet options."
HolyTransaction wants to be known as a trusted wallet partner within the cryptocurrency community.
Because of this, HolyTransaction will have to remain vigilant about keeping the most relevant coins part of its wallet.
The company has six coins in its hosted wallet - bitcoin, blackcoin, dogecoin, darkcoin, litecoin and peercoin, and four more are to be added at some point in the future.
Through Zamovskiy's knowledge of the intricacies of regulation, HolyTransaction has been able to land a partnership with Interac in compliance-friendly Canada, a feat also recently achieved by California-based expresscoin.
HolyTransaction Bets Big on Universal Cryptocurrency Wallet
Published on Jul 1, 2014
by Coindesk | Published on Coinage
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