Poof.io Unveils MPC Crypto Wallet API to Ease Crypto Transactions

by Victor Dey

Published: August 21, 2023 at 7:02 am Updated: August 21, 2023 at 7:10 am

by Victor Dey

Edited and fact-checked: August 21, 2023 at 7:10 am

In Brief

Poof’s new platform is a blockchain platform capable of crafting compliant, non-custodial solutions for crypto payments and exchanges.

The platform also offers integrations spanning diverse blockchains — bolstered by programming languages such as Python, C++, and Java.

Poof Payments, a crypto payment and Web3 transaction company has unveiled its forthcoming multi-chain MPC Crypto Wallet API.

According to the company, the platform seeks to establish a fresh benchmark within the industry through an all-encompassing blockchain platform. It is capable of crafting compliant, non-custodial solutions for crypto payments and cryptocurrency exchanges.

Poof said that the MPC Crypto Wallet API leverages Multi-Party Computation (MPC) technology for secure distribution of cryptographic keys. The company said that it will enable decentralized and secure transaction authorizations while avoiding centralization of the entire key.

In tandem with these capabilities, the platform also offers integrations spanning diverse blockchains — bolstered by programming languages such as Python, C++, and Java.

The company asserts that this duality will cater adeptly to individual developers and large-scale institutions.

Poof’s Developer-Centric Approach with Currency Support

The company announced its multi-chain MPC wallet will ease transactions among leading cryptocurrencies. These include Bitcoin, XRP, Cosmos, Aptos, Polkadot, Flow, Hedera, Filecoin, Near, IOTA, Solana, Ethereum, and Litecoin.

Poof claims the wallet is strategically crafted to integrate with Layer-Two networks like Coinbase’s Base Network, Optimism, Polygon, Mantle, Arbitrum, and Loopring.

Developers seeking improved payment processing can employ the wallet for executing non-custodial, smart contract transactions involving tokens such as USDC, Tether, Dai, Worldcoin, and upcoming Paypal USD.

The company said that it aims to ensure heightened security by fragmenting cryptographic keys by utilizing MPC technology. Poof asserts that this approach offers institutional-grade custody solutions across diverse platforms, from Bitcoin & Ethereum ETFs to Crypto Payment Processors.

The developer-centric approach is another key benefit of the platform. The company said that the platform can integrate with blockchain APIs across Python, C++, and Java, the MPC Crypto. Through this, developers can now tailor their cryptocurrency payment architecture.

The company said the new API would simplify creating US-compliant crypto wallets, exchanges, crypto payment gateways, or custom solutions. Poof Payments said that it envisions developers being empowered to integrate and build new platforms through this approach, utilizing a primary programming language of their choice.

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