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What is Mycelium?

The Mycelium Wallet stands out as an exceptional option for bitcoin enthusiasts, and our goal is to broaden its reach to a larger audience. While bitcoin users are aware that even with the evolution of banking technology, a dependable wallet often outperforms any digital banking solution, we also see the value in inviting users of traditional currencies to experience this advantage. Recognized as the "Best Mobile App" by Blockchain.info in 2014, the Mycelium wallet empowers users to send and receive bitcoins with security that rivals that of conventional banks. A particularly unique feature is the Mycelium Local Trader, a decentralized marketplace for face-to-face transactions that is seamlessly incorporated within the wallet. Since users' bitcoins are stored directly in their wallets, the Local Trader does not need to hold cryptocurrencies or fiat currency; instead, it utilizes its servers to facilitate trades and manage transactions, while also evaluating reputation scores based on users' trading history. This forward-thinking system creates an effortless trading process that grants users increased authority over their assets. Ultimately, Mycelium is committed to narrowing the divide between conventional financial systems and the cryptocurrency realm, striving to make it more accessible to all individuals, regardless of their previous experience with digital currencies. By doing so, we hope to foster a more inclusive financial ecosystem.

What is Galoy?

Around the world, numerous communities and organizations are increasingly adopting Bitcoin alongside the Lightning network through Galoy, a pioneering open-source banking solution. This initiative contributes not only to the creation of Bitcoin banking frameworks using self-hosted systems but also provides a managed service model referred to as "banking-as-a-service." With the same shared custody model and intuitive Lightning wallet that helped Bitcoin Beach cultivate a robust circular economy, individuals can easily establish their own Bitcoin community banks. The platform capitalizes on existing infrastructure to offer contemporary financial services to anyone with a mobile device and internet connectivity. This is the reason we develop tools that empower various organizations to implement their own Bitcoin-focused banking systems, regardless of their scale or nature. The application streamlines transactions by allowing payments via Bitcoin addresses, Lightning invoices, or distinct usernames, while maintaining a transaction log that monitors users' payment histories. Furthermore, a mobile-optimized map highlights local businesses that accept Lightning payments, enriching the user experience for both consumers and merchants. By merging technological advancements with community requirements, Galoy is ushering in a transformative wave in the realm of digital finance, fostering inclusive economic participation for all.

Media

Media

Integrations Supported

Bitcoin
Bitamp
Bits of Gold
Cointelli
Divly
Koinly
Ledger
Lightning Network
Telegram
Trezor
ZenLedger

Integrations Supported

Bitcoin
Bitamp
Bits of Gold
Cointelli
Divly
Koinly
Ledger
Lightning Network
Telegram
Trezor
ZenLedger

API Availability

Has API

API Availability

Has API

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Pricing Information

Free
Free Trial Offered?
Free Version

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

Mycelium

Date Founded

2012

Company Website

wallet.mycelium.com/index.html

Company Facts

Organization Name

Galoy

Date Founded

2019

Company Location

United States

Company Website

galoy.io

Categories and Features

Categories and Features

Banking

ATM Management
Compliance Tracking
Corporate Banking
Credit Card Management
Credit Union
Investment Banking
Multi-Branch
Online Banking
Private Banking
Retail Banking
Risk Management
Securities Management
Transaction Monitoring

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