We’ve been talking a lot about bitcoin businesses diversifying into mining and ATMs, but the reverse is true as well. Miners and equipment manufacturers have also been dabbling in other areas of the bitcoin ecosystem.
This time, KnCMiner has expanded its mobile wallet offering- which the company says was previously available for Android- to iOS.
ACY Securities Supports ASIC’s Product Intervention OrderGo to article >>
The KnCWallet, as it’s called, allows users to check bitcoin balances and send coins to your peers. The company says that the wallet also enables “one-click backups of your coins to iCloud, Dropbox and Google Drive.”
In expressing his goal for a high level of service in their latest foray into the bitcoin economy, CEO Sam Cole emphasized that his company has a successful track record when fulfilling customer orders. Some in the community will beg to differ, with the company among several accused of wrongdoing including unfulfilled/delayed orders and refunds.
Intuitively, the wallet and mining are two areas of the bitcoin economy that can be connected. When mining with your own hardware or with KNC’s cloud services, the wallet can theoretically be used for storage/transmission of mined coins, although no mention of any connection between the two is mentioned by KnC.