Cake Labs LLC

Does crypto.com still exist or did they go bankrupt yet? Anyways, um, so, uh, most people use that, but that's not really cool, 'cause then if the, the exchange gets hacked, all your money goes away.

Um, the other alternatives are non-custodial software wallets, so things like, um, Cake Wallet is really popular in our community for Monero and Bitcoin.

But then there's also these little hardware tokens that are kinda like USB sticks that store your, your, uh, your private keys, and they're supposed to be, like, super, super secure.

They're ...

it definitely makes a lot more sense to do it that way.

But I do think, you know, it is one of those things where if you're not regularly using crypto or you don't, um, have a large amount, then, you know, that's where I think, you know, you can definitely use software-based wallets.

And [clears throat] I think probably the most interesting, um, development in this field that I've seen is, um, I believe it's Cake Wallet.

They've, uh, they've made this app called Cupcake, and you can just install it on an old phone and, uh, disconnect it from the internet and everything, and it basically turns your phone into a hardware wallet.

Of course.

So you are the CTO of Cake Wallet.

Mm-hmm.

Um, my kind of broad understanding is that Cake Wallet is kind of the leading Bitcoin privacy wallet, at least with, like, mobile, with, like, a real-

Mm-hmm

... sort of pretty, glossy mobile application.

Yeah.

Um, I think that that's probably fair to say.