It started with a simple easy-to-use wallet

Lobstr, the most popular wallet among Stellar Lumens traders has launched a new platform for its customers designed to ensure optimum security of digital assets and customer-centricity.

The wallet, which only stores Stellar Lumens (XLM), is preferred over similar wallets given its simplicity and ease-of-use.  

Partnering up to allow crypto custodial services

Created in 2015, Lobstr is determined in making strides to further its goals and increase its use. The company will partner with DigitalBits, a blockchain startup. DigitalBits has been tasked to oversee the launch of XDB Labs. Therefore, this would allow custodial and wallet storage for digital assets on the DigitalBits blockchain. Lobstr also revealed its future plans to implement an XDB wallet.

Who are XDB Labs?

XDB Labs, developed by the same creators of Lobstr, has been designed to facilitate simplicity and ease, providing simple solutions while still maintaining maximum security. XDB Wallet, XDB Labs’ earlier project, would hold digital assets on the DigitalBits blockchain. The potential of the wallet is enormous as expressed by the CEO of DigitalBits Foundation, Al Burgio;

“XDB Wallet will not only make management of digital assets, such as loyalty and rewards points, simpler, but also provide incomparable levels of security for its users.”

A loyalty point marketplace

There is a significant problem in the redemption of loyalty points as Burgio points out, given the bewildering statistics.  Over $15 billion worth of loyalty points goes unredeemed in the United States each year. The XDB wallet aims to solve this problem.

As communicated by Bargio, the DigitalBits blockchain strives to provide a marketplace that would allow customers the opportunity to store and transact their digital assets including loyalty points.

Hence, Gleb Pitsevich the co-founder of Lobstr, and he shares the same opinion with Al Burgio, expressing his belief that the loyalty programs are of great potential and what remains is the excellent application of the blockchain technology.

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