Decentralized virtual private network (VPN) provider Orchid announced the launch of its VPN application on the Apple app store on Thursday.
- In an emailed press release, Orchid said users of its app would be able to make in-app purchases to get VPN bandwidth. The in-app purchases would essentially work like gift cards for the OXT token, Orchid’s cryptocurrency used for transactions on its network.
- Launched in December 2019, Orchid uses the Ethereum blockchain to enable users to buy and sell VPN bandwidth using its OXT token.
- In its statement, Orchid said using in-app purchases was also a way to do away with the complicated steps associated with crypto transactions, which can often frustrate users.
- “Orchid works by aggregating bandwidth from VPNs and other providers around the world,” said Steven Waterhouse, CEO of Orchid, explaining how using multiple VPN providers allows for an additional layer of privacy for users.
- According to the app’s listing on the Apple store, it is currently available for use on iPhones, iPads and the iPod.
CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk offers all employees above a certain salary threshold, including journalists, stock options in the Bullish group as part of their compensation.