Buy and sell orders are features that many of you are already aware of, thanks to their widespread use among Bitcoin exchanges. The user simply enters the amount he wishes to sell or buy, and the exchange then “matches” buying and selling orders so that the transaction happens almost instantly.
However, as stated by Paymium CMO Victor Mertz, experienced users have more “advanced” options such as limit orders:
“The previous buying and selling pages have obviously not been removed, but simply considered as advanced and therefore accessible through a dedicated menu. Our FAQ has been updated accordingly to support existing customers regarding this change.”
Aware of the growth in the Bitcoin mobile services industry, Paymium decided to launch its own wallet called “Hot wallet” and built on top of the open source Breadwallet.
The wallet is for now completely independent from Paymium accounts, and includes security features that are the strength of Breadwallet’s original wallet. Indeed, it uses the SPV Protocol to connect directly to the Bitcoin network without the need of third party servers, and it’s built on top of the well known Hierarchical Deterministic (BIP32) architecture for more security.
Direct integration with Paymium accounts and the addition of a PoS system destined to brick and mortar merchants are likely to make their appearance in 2015, according to the company. Finally, the team plans to contribute actively to the development of Breadwallet as a separate product while keeping its branded version completely open source.
Images from Paymium.