On Saturday, February 10 a new bitcoin cash (BCH) wallet was announced called, Handcash, an SPV client that enables Near Field Communication transactions. The wallet’s initial release is still in beta form but is available to download for experimentation on all compatible Android devices.
Handcash the NFC Bitcoin Cash Wallet
“NFC Payments: seriously, you gotta try this out with someone. It’s so cool to do a BCH transaction with anyone in a couple of seconds without having to ask for an address. It’s effectively just like handing cash,” explains the Handcash creators.
‘Cashtag’ Usernames and Encrypted Backups
Further, the wallet’s developers detail the Android client has a one-tap wallet backup feature which is also different than the standard 12-word backup phrase. The team has developed a method that encrypts a wallets backup file and it stores both private key information and the rights to a ‘cashtag’ username in a Google Drive folder.
“So if you were using the google account you already are logged into on your phone — If you change your phone, you can recover your wallet on the first screen once you reinstall Handcash again,” explains a Handcash team member.
Beta Testing Until the App Works Properly
Handcash is still in beta and before the wallet jumps on the bitcoin cash mainnet the developers want to make sure the app works properly. However, a ‘Handcashbot’ distributes testnet BCH for users to test and experiment with certain features like NFC transactions. The beta version also does not encrypt the wallet username and encryption will be added when the 1.0 Handcash version goes live. Additionally, the developers conclude that the Cashaddress format is ready for mainnet once the app leaves beta.
Source from News.bitcoin.