Gem announced that it will launch a comprehensive cryptocurrency investment application, which will merge the new cryptocurrency users to the older ones with its user-friendly project, reported Coindesk on April 19.
Cryptocurrency users will be able to track, store, trade and discover cryptocurrencies with this all-in-one application.
Micah Winkelspecht, Gem’s CEO said,
“Since the beginning of the company, we’ve been trying to achieve a simple goal which is to push the decentralized movement forward to put more control and power in the hands of individuals.”
The initial portfolio will include 22 cryptocurrency exchanges and will give the possibility for users to track tokens held offline in hardware wallets.
“We felt at this time in the market that we could make the biggest impact in the shortest timeline by going directly to the consumer to solve the problems we experience in the cryptocurrency market,” expressed Gem’s CEO.
The blockchain startup is also planning to launch its “universal token wallet”, which will give access to all ERC-20 tokens.
Gem also wants to connect cryptocurrency users together and with its “discovery tool”, used as “a gateway to the broader cryptocurrency community” through social media and other features.
“We’re all cryptocurrency investors at Gem. So we’re very aware of the gaps in the market and we’re excited to launch this platform to fill those gaps.”