Sylo incorporates Tezos into its smart wallet to help boost adoption

Sylo, a New Zealand-based software development firm, has integrated the Tezos blockchain into its multi-chain wallet-messenger decentralized application dubbed Sylo Smart Wallet. A press release revealed this news on December 4, noting that TZ APAC, the firm behind the Tezos blockchain is advising Sylo regarding Tezos’ integration. Through this incorporation, Sylo reportedly seeks to enhance its developer experience and boost the adoption of the Sylo Smart Wallet in the Asia Pacific region. At the moment, the wallet boasts more than 250,000 users across the globe.

Per the news release, this integration is the most recent high-profile partnership that Sylo has made as it strives to add more value to its growing user base, which is spread in more than 70 countries. Explaining why it picked Tezos, Sylo said that the network offers a seamless developer experience as compared to Ethereum. The firm went on to note that it completed the integration process smoothly, touting Tezos as the best choice for companies that want to develop powerful dApps.

Josip Matijevic, Sylo’s senior developer, further praised Tezos, saying,

Tezos functionality is already live in the Sylo Smart Wallet

According to the press release, Tezos functionality is already up and running within the Sylo Smart Wallet. Reportedly, the wallet has the support of the recent Oya rollout on Sylo, three functionality-encompassing user-operated nodes, speed-parity with leading centralized messengers, and the XTZ integration into Sylo’s messaging framework.

The software development firm went on to tout its wallet noting that it is a next-generation application that merges a digital asset wallet and a decentralized private messenger. The Sylo Smart Wallet allegedly lets its users request and receive payments via chats. Additionally, the wallet enables users to store and interact with various digital currencies, such as BTC, XTZ, and other ERC-20-compatible tokens like SYLO, in a non-custodial wallet. Apart from this, the Sylo Smart Wallet allows users to use a Web3 Ethereum dApp browser and pay for goods and services using crypto.

Commenting on the working experience with Tezos, Dorian Johannink, Sylo’s co-founder, said,