Introducing myPaymail wallet

Today, we’re happy to finally release our new multi-asset web wallet! You can now send and receive BSV and SFP tokens tokens directly from myPaymail.

Overview

First, we wanted to provide a general overview of the wallet and its features. Your wallet can be enabled immediately after you log into the platform by navigating to the “wallet” section inside your myPaymail panel.

myPaymail wallet is composed of vaults, and you can think of them as accounts that can hold multiple types of assets. Each vault has its own transaction history, and you can set up multiple vaults to keep track of assets depending on their purpose, to separate business transactions from personal ones, etc…

You receive assets (BSV or SFP tokens) by connecting a paymail to a vault. All paymails within the platform (including the ones using your own domain) can now be connected to a vault, and you can point any number of paymails to any of your vaults. In other words, a vault can have more than one paymail associated with it, allowing you to receive assets from multiple sources. You can also re-configure your paymails at a later stage, without affecting assets that you’ve already received in your vault.

Last, the myPaymail web wallet uses a Chrome extension called myPaymail Keychain in order to sign transactions and hold your keys. Thus, your remain in control of your keys. The main reason to develop a Chrome extension is to provide a similar experience to Metamask. Also, it is a tool that other websites can use, avoiding the need to install additional software in the future. Our Chrome extension deserves a separate blog post, so stay tuned for that!

Getting started

Now that you’ve been introduced to the key concepts behind our wallet, we wanted to show you how to get started.

Install our Chrome extension

The first thing to do is to install the myPaymail Keychain Chrome extension. You can get it by visiting this link.

Once the extension is installed, click on the icon shown on your browser and follow the instructions to set it up. They include creating a password and backing up a mnemonic phrase to backup your keys.

Create a vault

Now you can navigate to the menu section labelled as “wallet”, where you’ll see the wallet’s admin dashboard.

Click on “Create new vault”. You’ll see some popups from the Chrome extension that you’ll have to accept to proceed. After accepting the requests, you should see a small form in the admin dashboard. Give a name to your vault (e.g. “My Personal Vault”) and select a paymail you want to associate the vault with. Then, click “Submit”.

All done! You’ll now see your vault in the “wallet” page. From now on, you can send BSV and SFP tokens to the paymail associated with your vault.

Track your assets

If you click on “view all assets”, you’ll be directed to a page with the transaction history and buttons to transfer assets out of the vault. You’ll also be able to track when assets were received and see all your token balances.

Features

At the moment of launch, myPaymail wallet offers the following features:

  • Send and receive BSV and SFP tokens using Paymail. We provide a Chrome extension to help you generate keys and handle signing of transactions, allowing you to keep custody of your keys.
  • Organize assets using vaults. Vaults let you classify assets for different purposes. Each vault has a separate transaction history and uses an independent set of keys.
  • Connect any number of paymails to your vaults. Paymails and vaults are independent of each other, which means that you can use any of your paymails to receive assets in your vaults and, if you change your mind at a later stage, use the same paymail to forward BSV payments to other wallets.
  • Transparent pricing: myPaymail wallet operates as a nano service, charging 546 satoshis every time a transfer is made from the wallet to another paymail. Also, the first vault that you create is free, but extra vaults cost a one-off payment of 5 USD charged in BSV.

Feedback

The team has been working hard on this release, and we hope that you enjoy using myPaymail as much as we do. Let us know what you think, we’re always happy to hear your feedback and suggestions!