The Bitcoin & Lightning Network service provider has launched a BTC-centric mobile wallet that Synonym says will improve the user experience for holders of BTC and increase adoption of Web3 without requiring the use of complicated blockchain application. It was unveiled at the PlanB Forum in the Swiss city of Lugano. The wallet, called Bitkit, is supposed to process payments with a self-storing node and an encrypted backup service that users can use for free. To be released is the new wallet as a limited public beta app for Android & Apple devices.

The app works with slashtags. This is a Bitcoin cryptographic seed that generates keys and gives users control over their data and money. On the part of Synonym, they say the new app will drive “hyperbitcoinization.”