The cryptocurrency software provider KnCMiner has created a new Bitcoin wallet for iPhone users. 

The KnC Wallet streamlines the transferring of Bitcoins because the currency appears in a consumer's contact list if their peers use this product. The Sweden-based company's product also provides a user one-click encrypted backup of Bitcoins to iCloud, Dropbox and Google Drive.

Furthermore, the Bitcoin wallet can check balances and performs live exchange rates for 20 common fiat currencies. 

The KnC Wallet was previously only available on Android devices. 

"KnC Wallet provides a secure, user-friendly interface that will appeal to Bitcoin beginners," said Sam Cole, chief executive officer of KnCMiner, in an Oct. 3 press release. "We will continue to sell cryptocurrency hardware money can buy to anyone who wants to have it."

KnCMiner is not the only company responding to the maturation of virtual currencies. Last month, Bitcoin startup Circle Internet Financial launched its web-based consumer wallet product, while PayPal added Bitcoin payments for digital goods by entering into agreements with Bitcoin payment processors Bitpay, Coinbase and Gogoin.

Subscribe Now

Authoritative analysis and perspective for every segment of the payments industry

14-Day Free Trial

Authoritative analysis and perspective for every segment of the industry