Local interconnected ecosystem Tetrix Network launches new and improved ‘Pitaka’ crypto wallet

By ICON Executive Asia
Published May 23, 2022

Tetrix Network, the Filipino-made interconnected ecosystem that bridges the gap between blockchains, has announced the launch of its new and improved Pitaka, a crypto wallet that allows users to store, manage, and exchange various cryptocurrencies and digital assets in one simple browser extension.

“Pitaka is a fully decentralized crypto wallet that runs on Tetrix, the first omnichain protocol that directly communicates across all blockchains,” said Felix Asuncion, Chief Revenue Officer (CRO) of Tetrix. “Our main motivation in building Pitaka is to create a product that each and every Filipino will be proud of. As we say, “Made by Filipinos, for the world.”

Pitaka allows users to hold various cryptocurrencies, enabling them to make transactions to any blockchain address. It also provides users with an entry point into the emerging world of decentralized finance or DeFi, and supports Google Chrome and Chromium-based browser, Brave.

Users can create multiple accounts and select which account to use for sending payments, storing funds, and interacting with decentralized applications or dapps, banking on its goal to be the gateway to the world of Web 3 or the decentralized internet.

Pitaka can store non-fungible tokens (NFTs) and digital collectibles and currently supports more than 18,000 cryptocurrencies built on top of 25 blockchains. This includes established altcoins, such as Ether, Binance Coin, and Polygon, as well as popular meme coins like Dogecoin and Shiba Inu.

This non-custodial wallet grants users full control of their funds by giving them access to their wallet’s private key, a 12-word mnemonic (seed) phrase that cannot be recovered when lost. It prevents any malicious behavior against any users as all actions are verified by the blockchain.

In addition, users of Pitaka will be able to connect their Trezor and Ledger hardware wallets, maintaining self-custody and full control over their assets.

According to Tetrix, they have already started the development of Pitaka’s mobile app, which will support more cryptocurrencies like Bitcoin and XRP down the road.

The Tetrix Network is a project that began in 2020 as an effort to change the way blockchains are designed and developed for the digital space where communities, enterprises, governments, and individuals interact and coexist in the same ecosystem without having to worry about different blockchains. It is a collection of projects that build the products, tools, and infrastructure for resilient, sustainable, and inclusive communities.