The world’s first 3-in-1 wallet has been battle tested in Asia and is on its way here


After steadily building itself into one of Asia’s most popular digital wallets, the HyperPay crypto wallet is about to burst on the English-speaking scene.

HyperPay is the first wallet to boast a 3-in-1 solution that makes sure users of all stripes have the functionality they need in a wallet. It has an off-chain solution for the more casual users, an on-chain solution that will attract the more privacy-minded users and a soon-to-be released shared on-chain wallet for enterprise users.

This aggressive strategy of going after everyone isn’t pie-in-the-sky thinking. It’s part of a bold and purposeful decision by the company to literally take over the crypto payments industry.

“We want to be the PayPal of cryptocurrency, or for those Asian users, Alipay might be a more familiar reference”, HyperPay Chief Executive Officer Jacob Cheng said.

That means a lot of effort has gone into making sure each of HyperPay’s wallet solutions live up to customer expectations. With a user-base that is already 880,000 strong (consisting of mostly Korean and Chinese users at this point), HyperPay has already had years of real-world testing to ensure its on-chain and off-chain solutions are best-in-class. The upcoming shared wallet will be no less ready for prime time when it launches.

HyperPay is headquartered in Melta whereas its founders live in Australia, since they were most familiar with the Asian market so they decided to first focus on it . Now they have a strong foothold in Asia, they’ve set their sights on the English-speaking world.

“HyperPay aims to be the number one integrated payment solution for the future of e-commerce globally, not just in Asia. To do that, we’re focused on building and delivering the best digital asset wallet in the market”, Cheng said.

With the intro out of the way, let’s look at each wallet in detail:

The off-chain wallet

This was HyperPay’s first solution out of the gate and it allowed the company to attract the widest user-base in as short of a time as possible.

“We wanted to provide a solution that people were already familiar with… an online account where your funds are managed for you. It’s basically an online exchange without the trading”, Cheng said.

This gave them the momentum they needed to put more time and effort into improving their app and increasing the number of tokens they could support. In fact, the off-chain wallet now supports 110 + tokens (20 mainnets, which are: BTC, ETH, XRP, EOS, LTC, USDT, ADA, DASH, ETC, NEO, DOGE, DCR, QTUM, WAVES, BTM, HC, XAS, TRX,RVN,and VET ) — more than any other wallet available.

Off-chain security

Since off-chain wallets require users to place their funds in HyperPay’s care, security is paramount. HyperPay takes this seriously, and has implemented a level of security worthy of a medium-to-large-sized exchange. Security measures include:

● Multiple rounds of security audits

● A dedicated security team led by a Chief Security Officer

● Cold and hot wallets segregation

● Orchestrated code quality and vulnerability scanning in CI/CD cycle

● Tier 6 disaster recovery

● Abnormal data monitoring


Given how dynamic the crypto industry has become, HyperPay knows that partnerships are key to offering customers a seamless experience. Their most recent partnership is with Coinw, one of China’s highest volume trading platforms. Now users can send funds to and from Coinw instantaneously and free of charge. HyperPay users can soon participate in the trading by transferring funds to and from Coinw instantaneously and free of charge.

The partnership with Coinw is just the tip of the iceberg, as HyperPay plans to court new partners as time goes on.


Aside from typical wallet functionality, HyperPay’s off-chain wallet also includes a staggering three ways for users to invest their holdings (with one more on the way). Here are the options:

● BitEarn. This is an investment scheme offered directly by HyperPay within the wallet. It issues interest on a 24-hour basis and returns the principal and interest when users withdraw.

● Lock position. This is like the term-deposit version of BitEarn, where users get their interest and principal back at the end of the lock period.

● Third-party investment. Users can also invest through the third-party HCASH Foundation, all facilitated directly though the HyperPay app.

● Peer-to-peer lending. HyperPay is currently working on a peer-to-peer lending function, which will be available soon.

Other features

The off-chain wallet is full of additional functionality, some of which you won’t find elsewhere. For example, HyperPay is the only wallet with a market tracker that displays the price of coins on each individual exchange, in addition to the average.

Fund transfers between HyperPay users are also free and instantaneous.

The on-chain wallet

HyperPay knew if they wanted to attract the true blockchain enthusiasts, they’d need to build an on-chain wallet. So that’s what they did next, and the way they did it is a testament to how effective their development team is.

“One of our main competitors was the first wallet to have an Ethereum-based on-chain wallet, and it took them two years to develop it. It took our team 3 months to develop ours from the ground up”, HyperPay Chief Technology Officer Gary Nan said.

The HyperPay on-chain wallet currently supports all ERC-20 tokens, which you can send and receive all from a single address. The wallet also support BTC on-chain/off-chain transaction. Keeping private key on user’s hand, ensuring a safer management with more options.

The enterprise-shared wallet

Finally, HyperPay recognized a gap in the market for the big players in the crypto game: enterprise users. These users often work on teams, meaning a single private key represents an unacceptable single point of failure. HyperPay’s on-chain shared wallet offers private keys to everyone on a team, and no one can authorize a transaction without 50% approval.

These users may end up being only a small percentage of the actual customer base, but they represent a huge opportunity for HyperPay since they control a disproportionate percentage of the money. Plus, these customers bring more credibility to the project overall.

“We always try to anticipate what every user is going to need out of a wallet, and we saw an opportunity to serve enterprise users. So we jumped on it. This reflects our philosophy of consistently improving the customer experience for everyone”, Cheng said.

Bottom Line

HyperPay is a company that knows where they are headed, and their wallet reflects that. It is clean, intuitive and simple to use, with the ability to seamlessly switch from the on-chain to the off-chain wallet and back again.

The wallet’s long-standing popularity in Asia and the team’s obvious dedication to R&D show that HyperPay’s focus is on user satisfaction.

Users who want to try out the app now can download the iOS and Android apps directly from the App Store and HyperPay site . The HyperPay team is also looking to list the app on Google Play.

About HyperPay

HyperPay are wholly owned and operated by Hyperwallet Limited Melta, as an offshoot of the digital agency Legend. Founders Jacob Cheng and Gary Nan first launched the product in Asia since that is the market they were most familiar with. Now that they are 880,000 users strong (mostly in Korea and China), they have decided it is time to tackle the English-speaking world.

Contact: Nick Jing


Author: Nick Jing

Bringing the Digital Wallet into the Age of Blockchain.