Xverse and Hiro Release Update to Address Bitcoin Withdrawal Issues

03/09/2023 06:44 • Tech Trends • 98 views

On March 9, according to the official Twitter, the encrypted wallet Xverse and Hiro announced that the version will be updated this week to support users to directly withdraw bitcoin from the Ordinals address in response to the problem that the BTC could not withdraw cash from the TwelveFold auction refund.

The encrypted wallets Xverse and Hiro will be updated this week to support the direct extraction of bitcoin from the Ordinals address

Analysis based on this information:

The official Twitter account of Xverse and Hiro announced on March 9 that an upgrade to the encrypted wallet would roll out during the week to enable direct withdrawal of bitcoin from Ordinals address. This move follows the reported challenge whereby users of the BTC could not receive refunds from TwelveFold auction withdrawal.

Typically, Bitcoin withdrawals involve users sending bitcoins to their addresses on exchanges before converting them into cash. However, the process can become challenging if there are problems withdrawing cash from entities like TwelveFold auctions. Consequently, Xverse and Hiro’s latest update to the encrypted wallet makes it possible to withdraw Bitcoin directly from the Ordinals address.

The update aims to improve user experience by providing a solution to a problem that has been plaguing users of BTC. The new solution eliminates the need for users to convert their cryptocurrencies to cash via exchanges. As a result, users can now bypass the challenges in withdrawing cash that may arise as a result of issues with exchanges or other entities.

The upgrade represents a big boost towards making the use of cryptocurrencies more accessible and user-friendly. The move seeks to position Xverse and Hiro as innovative players in improving the efficiency of cryptocurrency transfers. The increasing adoption of cryptocurrencies globally means that it increasingly becomes necessary to develop solutions such as the upgraded encrypted wallet.

In conclusion, the upgrade of Xverse and Hiro’s encrypted wallet to allow for direct withdrawal of Bitcoin from the Ordinals address is a significant step towards improving crypto users’ experience. It eliminates the need for users to convert their cryptocurrencies via exchanges and positions Xverse and Hiro as innovative players keen on improving crypto technology.

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