The world of Web 3.0 is a promising frontier for businesses seeking innovative growth avenues. However, the complexities of account creation, treasury management, staking, and token association often pose significant challenges. Enter Yamgo’s new Onboarding API, a game-changing solution designed to streamline the Hedera onboarding process.
Yamgo, a leading provider of brand solutions in the crypto space, has launched a revolutionary tool that simplifies the interaction with the Hedera network. This tool is designed to help brands, developers, and Virtual Asset Service Providers (VASPs) build new services with ease.
The Yamgo API is more than just a tool for decentralised wallet creation; it’s a comprehensive revenue solution. It enables access to the Yamgo App and daily rewards for digital actions, transforming the challenge of Hedera account creation into a streamlined, efficient operation.
Security is a critical concern for businesses operating in the blockchain space. The Yamgo API addresses this concern by enabling brands and institutions to onboard users without exposing their private keys and act as an unhosted cold-wallet provider in a similar fashion to Yamgo. This ensures that businesses and their customers maintain complete control and ownership of their assets without many of the security compromises that can come with a Hot Wallet solution.
The Yamgo API also allows for the integration of multi-sig wallets and institutional wealth management, without the development overhead of maintaining and updating a Hedera SDK. This means clients can take advantage of these advanced features without the associated time and cost burdens.
Adrian Reeve from technology investment firm, Blueray Capital, has expressed enthusiasm about the new product: “Yamgo’s innovative approach to simplifying Hedera wallet creation and its commitment to security and privacy is yet another example of the innovation that makes Yamgo such a great prospect,” he said. “With the launch of their new API, we’re confident that Yamgo is poised to redefine the blockchain solutions landscape.”
The Yamgo Onboarding API is currently available for select developers, VASPs, institutions and brands looking to supercharge their development process, enhance crypto asset protection and unlock new revenue streams.