Developers of the popular wallet MyEtherWallet presented a mobile application MEW Connect, designed to provide secure access to user account. This is reported by TechCrunch.
The application is currently available in the beta version only for users of the iOS operating system. A full release is planned for September at the same time as the version for Android.
MEW Connect works quite simply - instead of using a private key, the using of which may pose a security risk, the user gets a special QR code. In the future, it is planned to add support for TouchID, but at the moment the function is not available. Note that MyEtherWallet uses Apple services to encrypt the application.
The application requires a master password (preferably reliable) when installing, and also provides a set of words to restore it - a similar system is used by Trezor and Ledger hardware wallets.
That’ll be the best use case for crypto we can implement in the near future. If you want to go mainstream, that’ll be a huge advantage for the whole industry. First, we want people to get used to this MEW Connect concept, scanning a QR code and creating a P2P link.
In February of this year, a split occurred in MyEtherWallet, as a result of which Taylor Monahan and several former members of the MEW team switched to developing the competing wallet MyCrypto.