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Why to Build a Cross-Platform Cryptocurrency Wallet
Cross-platform development market has experienced significant growth. In 2022, the global cross-platform app development market was valued at approximately US$ 120 billion. It is predicted to reach US$ 546.7 billion in the following 10 years. Interoperability is surely a trend and cryptocurrency wallets are no exception.
In this post, we’ll uncover all you should know about the development of cross-platform crypto-currency wallets. From definition to benefits and best development tools – we’ll have you covered.
What is a Cryptocurrency Wallet
Source: zipmex.com
A cryptocurrency wallet is a platform where users can store, buy, sell, and receive cryptocurrency and other forms of digital assets. All transaction records are stored automatically. As usual, a crypto currency wallet comes in the form of an application (Metamask, Coinbase) that you can install on your mobile phone and hardware like Trezer and Ledger.
Top 3 Benefits of Cross-Platform Crypto-Currency Wallet Development
Cross-platform applications are built using a single source code and sharing it across platforms. This principle brings at least three compelling reasons for businesses to opt for cross-platform development in 2024.
Wider Accessibility
With cross platform development, you don’t have to limit your user pool to users of specific operational system. By targeting users on multiple operational systems rather than just one, you increase your market share and can earn much more.
Easier Updates and Bug Fixes
By developing cross-platform wallets, you allow users to access and manage their crypto assets from any device they choose, whether it’s their phone, computer, or tablet. Thus, when an update or bug fix is needed, it can be implemented on all devices simultaneously. This is how you make sure all your audience gain access to the latest features and security updates.
Reduce Development Time and Costs
The principle of code reusability across different platforms, reduces development time and costs. This can be especially beneficial for startups and smaller teams wishing to launch quickly on a limited budget.
What are the Best Tools for Cross-Platform Development
Source: toptal.com
Check out the three most popular choices for cross-platform crypto wallet/exchange development.
React Native
React Native is a UI software framework released by Meta Platforms that uses JavaScript. React Native is an excellent option for the speedy development of applications for Android, Android TV, iOS, macOS, tvOS, Web, Windows, and UWP.
Flutter
Flutter is another popular choice for cross-platform mobile app development. It uses the Dart programming language. Flutter is known for its fast performance and rich UI components that assist programmers in building native-looking intuitive applications.
Xamarin
Xamarin is a framework for developing apps for Android, iOS, and Windows apps using C#. Xamarin is a preferred option for programmers already familiar with C# and looking to deliver highly-performant and consistent applications.
In conclusion, cross-platform development of cryptocurrency wallets is a new trend. The principle, as applied by S-Pro, lies in reusing a single codebase without the need to code from zero. The popularity of cross-platform development lies in the number of benefits it carries to businesses – from increased accessibility to reduced development time and costs.
