HyperPay AMA: Connect to the Blockchain Ecology, How to Use a Wallet to Meet More Demands

September 3rd, Nancy, CMO of HyperPay was invited to participate in the AMA of the Channels community. She shared the theme of “Connect to the Blockchain Ecology, How to Use a Wallet to Meet More Demands” content. Let’s review this wonderful content.

The Following is the Content of AMA

1.Please give a brief introduction to HyperPay wallet?

HyperPay is the world’s first multi-ecological digital asset wallet that integrates off-chain wallet, HyperMate hardware wallet, on-chain wallet, and shared wallet. Established in 2017, it provides users with one-stop services such as asset management, investment, consumer payment, etc. . HyperPay now has more than 1 million users, manages more than $1 billion assets, and has processed more than 310 million transfers.

HyperPay official website: www.hyperpay.tech

HyperPay wallet download link: https://www.hyperpay.tech/app_down

HyperPay Telegram: https://t.me/HyperPay_En

HyperPay Twitter: @Hyperpay_tech

2. How does HyperPay integrate the off-chain, on-chain, shared and hardware wallets into one digital wallet?

First of all, HyperPay on-chain wallet allows each user to create an identity that can manage multi chain assets easily, or manage his own assets by importing mnemonic words. In on-chain wallet, the mnemonics supports BIP32/BIP39/BIP44/BIP45, and the private key is stored locally, eliminating any chance for wallet service provider to obtain the user’s private key since all the important data is isolated physically.

HyperPay on-chain wallet is one of the wallets in the industry that supports the most public chain currencies, with over 50 for now and more in the future. It also supports DApp of ETH, TRON, EOS, BSC, HECO, OEC and HSC.

In January 2019, we launched shared wallet, in the concept of assets co-management by multi-party based on the technology of blockchain multi-signature. It is pretty suitable for blockchain enterprises and mid-small teams, or even families or friends to manage assets that the transfer of assets requires signatures and authorizations from all related parties to be executed.

Security should be the first and the last pursuit of wallet as it is the priority choice to store assets by many users. We think the security of wallet includes: hardware security, software security and user behavior security. After we polished the software and user behavior securities in every corner and achieve the ultimate, we started to work at hardware security in 2019. Hence the official debut of HyperMate, HyperPay’s hardware wallet, in December 2019. HyperMate can link to HyperPay App via Bluetooth, and the operation is so simple and convenient.

HyperPay integrates four independent modules of off-chain, on-chain, shared and hardware wallets into one APP. In the APP, users can freely choose any wallet for related operations, and transfer of digital assets is convenient between the four wallets.

3. What is the size of HyperPay asset management? What are the financial services it provides?

Since running, HyperPay has been experiencing steady user growth. Users who choose off-chain wallet to manage and add their digital currency assets has exceeded 300,000, and HyperPay has brought 6 million dollars of earning for these users. The assets in management in HyperPay have also been growing, already over 1 billion dollars of digital assets calculated according to the current legal currency price. There are rich and different financial products satisfying all your needs: current and fixed investment products, PoS staking, loan, cloud mining, liquidity mining, index funds… all capital-guaranteed coin-margin products. Additionally, there are also current and fixed products of USDT-margin.

4. How does HyperPay protect users assets?

HyperPay mainly protects users’ assets from four dimensions, including the wallet itself, user operation, the server, and technical developers. At the same time, HyperPay also cooperates deeply with foreign and domestic well-known security companies, hiring them as security consultants to help HyperPay conduct regular security audits and consultation work. Based on their audits and their security assessment reports on HyperPay, we’ve been continuously optimizing the wallet. As for the server, Hyperpay currently implements 24-hour monitoring using dedicated security components. It sets up cloud security groups according to the recommendations of SANS organizations and uses independent resources such as private clouds to calculate resource containerization, VPN gateways, and encrypted data storage. Moreover, it establishes layers of security protections which include randomization parameters, RSA encryption, and pass-through for communication interfaces.

HyperPay’s security strategies and features can be summarized as follows: First, the professional security team conducting a comprehensive security audit of HyperPay, and the exclusive security team guaranteeing the security of the wallet; Second, the multi-dimensional security enhancements, including cloud security, security monitoring, security emergency response, city disaster recovery, complete code management solution, abnormality detection, employee security strategy; Third, diverse wallet management plans, including multi-signature wallet server, hot and cold wallet server segregation, minimum wallet exposure, 80% of the assets stored in the multi-signature cold wallet in the isolated gatekeeper.

5. Can you tell us more about the hardware wallet, HyperMate?

The hardware wallet is an important part of blockchain security, and HyperMate is our first hardware wallet. There are two types on sale on our official website and app, HyperMate G and HyperMate Pro.

HyperMate Pro has made great improvements in exterior, user experience, functions, and safety performance compared with HyperMate G.

The International Organization for Standardization divides the CC assessment level into EAL 1–7 from low to high. Generally speaking, the safety requirements of commercial products are within CC EAL 5. The bank chip debit cards require CC EAL5+. Higher levels such as CC EAL6 and CC EAL7 are for military use. HyperMate G and HyperMate Pro all reach CC EAL6+, but Pro has been detailed optimized and improved:

HyperMate Pro inherits all the functions of HyperMate G, and combines traditional mature security technologies to achieve a secondary security upgrade at the physical level to prevent illegal hijacking of user accounts by external factors in extreme cases, thus ensuring that every transaction is correct and safe.

Fingerprint:

Users need to verify their fingerprints on HyperMate Pro to confirm that the transaction is initiated by themselves, which double guarantees the security of the transaction;

Mnemonic:

Users have two options for creating mnemonic words: users can choose to create 12 or 24 mnemonic words, and the two standards do not affect the safety coefficient.

Bluetooth 5.0:

Bluetooth 5.0 has an increase and optimization for the speed of low-power devices. Bluetooth 5.0 combines with wifi to assist in positioning indoor locations, improving transmission speed and increasing effective working distance.

Optimizing user experience:

Chinese/English

HyperMate G only has English language, but Pro supports English and Chinese. Korean, Italian, and Arabic will soon be supported;

Smoother physical keys:

HyperMate Pro has made a lot of optimizations in detail to try to provide users with a better experience.

Brand-new design:

HyperMate Pro has a larger monitor and physical keys, which is more intuitive and easier to operate.

Also, the vertical structure, the appropriately increased volume and weight and the perfectly arranged keys make it more suitable for one-handed operation.

6. As a branded product of HyperPay, what’s the service and function it offers?

HyperCard can be used to consume and store assets. It also supports legal currency OTC, so you can use it in more than 176 countries, over 50 million merchants around the world. Shopping, entertainment, or travel, you only need to show your HyperCard to get a perfect and smooth payment experience all over the world.

HyperCard is easy to apply and can be purchased directly in the HyperPay wallet. Digital currency can be exchanged into legal currency in real-time after being deposited to HyperCard, eliminating the cumbersome process and the trouble of paying cash. Safe payment is guaranteed, and consumer privacy is protected by law. HyperCard creates a new payment method that is easy-to-use, fast, flexible, and highly secure.