Technology development does not stand still, and virtual currencies are already firmly rooted in our lives. In addition, technologies allow you to create your own Bitcoin wallet that will best suit your business’s requirements and needs. In this article, we will look at how a Bitcoin wallet is useful as a payment method and what tools are best for Bitcoin wallet development. Without further ado, let’s get started.
First, let’s quickly figure out what a cryptocurrency wallet is. This is software that stores public and private keys and interacts with various blockchains. This allows the wallet user to send and receive cryptocurrency with ease. What else is a Bitcoin wallet used for? The wallet owner can make transactions view transactions history and the current balance of the wallet.
Now let’s take a closer look at how to use a Bitcoin wallet.
If you study some of the popular Bitcoin wallets, then you can see some of the similar features that every Bitcoin wallet should have. These features are vital to include when you want to build MVP of a Bitcoin wallet app. The list of these bitcoin wallet features might look like this:
Since the majority of cryptocurrency owners operate with Bitcoin, we will consider the most popular libraries that will be useful for developing Bitcoin applications for iOS and Android. Libraries are the ultimate tools that will help you create both a Bitcoin wallet and any other cryptocurrency-related application.
For our analysis, we’ll use the most popular Bitcoin wallet called Blockchain. This free wallet contains many free APIs for developers, and it supports many platforms such as Android, iOS, Windows, Linux, macOS.
There are two different API keys involved in the wallet:
You can get any of these keys by making an API request by leaving your contact information, company name, and the URL of your website or application.
Besides APIs that we mentioned above, the BitcoinJ SDK is also used in the development of Bitcoin wallets. This cross-platform library was created in Java to work with the Bitcoin system that supports the Android and Windows platforms.
This library has a fairly wide functionality that allows you to create Bitcoin wallets, work with existing wallets, balance monitoring, and transactions. In addition, this library has tools for converting exchange rates, the ability to receive information about a transaction, and fine-tune the transaction confirmation process.
The final library we’ll be looking at today is the Coinbase SDK. It is a cross-platform Java library that supports iOS and Android platforms. A distinctive feature of this library is that two methods are used for authentication:
Your business may not have grown enough to integrate Bitcoin personal payment. In this case, an excellent solution would be to use Ready-made services to integrate Bitcoin payments into your application. Let’s look at a few popular options that allow you to make transactions in Bitcoins.
For example, Stripe allows you to receive Bitcoin payments in dollars if customers implement the API in their application.
The Shopify service also allows you to create a personal store and include it in several payment methods, including Bitcoin.
There are several less popular but no less functional solutions for embedding Bitcoin payments into your application:
We have told you about several ways to create a Bitcoin application that will help you integrate Bitcoin payments into your business. Thanks to this, you can save on costs and transactions. Bitcoin is the currency of the future, and its development should definitely not be overlooked.
